Ogier in Hong Kong acted as Cayman counsel on two SPAC IPOs on Nasdaq

Ogier's Corporate team in Hong Kong has advised two special purpose acquisition companies on their respective initial public offerings on Nasdaq.

Quartzsea Acquisition Corporation (under ticker symbol QSEAU) closed on 19 March 2025 with an initial public offering (IPO) of US$82.8 million. Pelican Acquisition Corporation (under ticker symbol PELIU) closed on 30 May 2025 with an IPO of US$86.25 million.

Partner Florence Chan led the team on both occasions, with support from Ogier's global head of Corporate, Nathan Powell, legal manager Anna Cheung and paralegal Oliver Lau. The team worked closely with the company's US counsel, Celine and Partners, PLLC on both transactions. 

Ogier's Corporate teams have extensive experience in advising on the establishment and listing of special purpose acquisition companies (SPACs).