Press Release

Kirkland Advises Pontem on $690 Million SPAC and IPO

Kirkland & Ellis counseled Pontem Corporation, a special purpose acquisition company led by Chairman and Chief Executive Officer Hubertus Mühlhäuser and Lead Director Burak Alici, which announced that it closed its upsized initial public offering of 60 million units at $10 per unit and the sale of an additional 9 million units at $10 per unit pursuant to the underwriters' full exercise of their over-allotment option. Total gross proceeds from the offering were $690 million before deducting underwriting discounts and commissions and other offering expenses. 

Read Pontem’s press release

The Kirkland team was led by capital markets partner Debbie Yee and associates Caleb Lowery, Ibe Alozie and Paul David Fife; transactional partners Rick Campbell and Alex Rose and associate Jack Shirley; and tax partners Roger Lucas and Ryan Roberts.