Ogier provides Cayman expertise on four Nasdaq IPOs totalling US$700 million

Ogier's Corporate team in the Cayman Islands has acted as legal counsel on four recent initial public offerings (IPOs) on the Nasdaq Stock Market (Nasdaq), raising a total of more than US$700 million.

Three of the four companies, which are all incorporated in the Cayman Islands, are special purpose acquisition companies (SPACs), reflecting continuing activity in the SPAC market in 2025.

"We have considerable experience in advising on the establishment and listing of Cayman Islands companies on US exchanges, and we are delighted to have supported our clients on the successful closing of their respective offerings," said partner and head of the Corporate team in the Cayman Islands, Bradley Kruger, who led the deal teams on each transaction, supported by senior associates Ali Pasley and Laura O'Byrne and associate Mike Azarnikow.

"This buoyant SPAC market continues to grow and we see strong demand in the Cayman Islands for the establishment of SPACs and subsequent de-SPAC transactions. Our expertise in this area means we are well positioned to assist clients in this space."

The deal teams advised on the IPOs of:

• K&F Growth Acquisition Corp II, which raised US$287.5 million
• Live Oak Acquisition Corp V, which raised US$230 million
• NewHold Investment Corp III, which raised US$175 million
• Webus International, which raised gross proceeds of US$8 million

How Ogier can help

Ogier's Corporate team in the Cayman Islands has considerable experience working with clients on the establishment and the listing of SPACs, together with navigating the Cayman aspects of the subsequent de-SPAC process, from advising on structuring options with respect to the de-SPAC transaction to the listing of the combined public offering.  

The Corporate team in the Cayman Islands advised on over US$11 billion of SPAC listings and subsequent de-SPAC transactions in 2024 alone.

To find out more about our Corporate legal services, contact one of the team.