McDermott Represents North Atlantic Acquisition Co. in De-SPAC with TeleSign and $1.3B IPO Intent
International law firm McDermott Will & Emery represented the North Atlantic Acquisition Corporation (NAAC), a publicly traded special (NASDAQ: NAAC) purpose acquisition company (SPAC), in its business combination with TeleSign, a leader in digital identity and CPaaS software solutions for global enterprises. TeleSign intends to go public at an enterprise value of $1.3 billion, and with this transaction, the company expects to accelerate its investment and fund its growth.
The transaction was announced on December 16, 2021 and is expected to close in Q2 2022.
Read NAAC and TeleSign’s combined press release here.
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