Kirkland-Led Blank Check Co. Raises $200M In IPO

Law360 (September 11, 2019, 1:31 PM EDT) -- A Kirkland & Ellis LLP-led blank check company focused on the consumer sector started trading on the Nasdaq Capital Market on Wednesday, hours after the company said it raised $200 million in an initial public offering.

Austin, Texas-based New Providence Acquisition Corp. said in a late Wednesday statement that it priced 20 million units at $10 apiece. Those units, the company said, are made up of one share of class A common stock and half of one warrant. Each whole warrant gives the holder the ability to buy one share of class A common stock for $11.50 per share, according to...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!