Luxembourg, 4 May 2021 – OboTech Acquisition SE (ISIN: LU2334363566), a Luxembourg special purpose acquisition company (SPAC), has raised EUR 200,000,000 in an IPO on the Regulated Market (General Standard) of the Frankfurt Stock Exchange on 4 May 2021. It is the first SPAC focused on real estate technology (Proptech) and climate technology (Climatech) in Europe.
Arendt & Medernach has advised the OboTech team on all Luxembourg law aspects, notably Corporate, Capital Markets and Tax in view of the preparation of the IPO on the Frankfurt Stock exchange.
Once again, Luxembourg has proven to be a highly strategic drop point for a new SPAC, ultimately listed on the Frankfurt Stock Exchange.
"Arendt is proud to participate in such a
transaction, which promotes technology and innovation by
facilitating concrete results. The Proptech and Climatech sectors
are expanding, and we are ready to supply our legal expertise for
the success of all future projects of this
Arendt team involved:
- Corporate Law, Mergers & Acquisitions: Alexander Olliges, Maria Grosbusch, Haider Gontier, Xavier Picquet
- Capital Markets: François Warken, Noémi Gemesi, Jérôme Jacques
- Tax Law: Jan Neugebauer, Dr. Philipp Jost, Donjeta Beka
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.