Law360 (Could 25, 2021, 5:01 PM EDT) — The newest in a collection of blank-check firms backed by Fifth Wall started buying and selling on the Nasdaq on Tuesday after telling regulators it plans to boost $250 million in an preliminary public providing guided by Debevoise & Plimpton LLP and underwriters’ counsel Skadden Arps Slate Meagher & Flom LLP.
Fifth Wall Acquisition III, a particular goal acquisition firm looking for to mix with an actual property know-how firm, bought 25 million Class A shares at $10 apiece. Underwriters have a 45-day choice to purchase an extra 3.75 million items. The IPO is anticipated to shut Thursday.
The corporate clarified that it hopes…
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