NEW YORK, Sept. 30, 2021 /PRNewswire/ -- DLA Piper
represented Parabellum Acquisition Corp. (NYSE: PRBM.U) in its
initial public offering of 12,500,000 units at a price of
$10 per unit. Each unit consists of
one share of common stock and three quarters of one redeemable
warrant of the company. Each whole warrant entitles the holder to
purchase one share of common stock of the company at a price of
$11.50 per share.
Parabellum is a special purpose acquisition company (SPAC) that
will focus on businesses with an enterprise value of US$300 million to US$1
billion are actively engaged in the Internet of Things (IoT)
transformation in a variety of sectors, including the consumer,
industrial, automotive and medical industries.
"We were pleased to advise Parabellum in its IPO, bringing
together extensive SPAC capital markets experience to facilitate a
successful transaction for our client," said Jeffrey Selman, the DLA Piper partner who led
the firm's deal team.
"DLA's team provided excellent advice and managed our process
with outstanding professionalism," said Narbeh Derhacobian, CEO of
Parabellum.
In addition to Selman (San
Francisco), the DLA Piper team representing Parabellum
included partner Curtis Mo
(Silicon Valley), of counsel Mario
Rego (Houston) and
associate Elena Nrtina (Silicon Valley).
DLA Piper's global capital markets team represents issuers and
underwriters in registered and unregistered equity, equity-linked
and debt capital markets transactions, including initial public
offerings, follow-on equity offerings, equity-linked securities
offerings, and offerings of investments grade and high-yield debt
securities.
DLA Piper's global Technology sector lawyers work across
practice areas and offices to support technology clients – from
startups to fast-growing and mid-market businesses to mature global
enterprises – doing business around the world.
About DLA Piper
DLA Piper is a global law firm with lawyers located in more than 40
countries throughout the Americas, Europe, the Middle
East, Africa and
Asia Pacific, positioning us to
help clients with their legal needs around the world. In certain
jurisdictions, this information may be considered attorney
advertising. dlapiper.com
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SOURCE DLA Piper