Ogier’s Cayman Corporate team advises NewHold Investment Corp IV on its US$201.25 million IPO

Ogier’s Corporate team in the Cayman Islands has advised NewHold Investment Corp IV, a special purpose acquisition company, on its US$201.25 million initial public offering on the Nasdaq Global Market. 

The IPO comprised 20,125,000 units, including 2,625,000 units issued following the full exercise of the underwriters’ over-allotment option, at a price of US$10.00 per unit. The units are listed under the ticker symbol NHIVU. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant.  

Net proceeds from the offering will be used to fund a business combination, with a focus on opportunities in the industrial and business services sectors. 

This transaction builds on Ogier’s long-standing relationship with the experienced NewHold team and represents the team’s second SPAC IPO on which the firm has provided Cayman Islands counsel. 

The Ogier team was led by partner Bradley Kruger with support from managing associate Laura O'Byrne.  

Ogier is one of the leading Cayman Islands advisers in the SPAC market and regularly supports clients across the full SPAC lifecycle, from IPO through to de-SPAC. Contact our specialists to find out more.