Kirkland Advises Accelerate Acquisition Corp. on $400M IPO
Kirkland & Ellis advised Accelerate Acquisition Corp., a special purpose acquisition company led by Robert Nardelli, Michael Simoff and Jeffrey Kaplan, on its initial public offering of 40,000,000 units, generating gross proceeds of $400 million. The units are listed on the New York Stock Exchange and began trading under the ticker symbol “AAQC.U” on March 18, 2021. Once the securities comprising the units begin separate trading, Accelerate’s shares of Class A common stock and warrants are expected to be listed on the New York Stock Exchange under the symbols “AAQC” and “AAQC.WS,” respectively.
The Kirkland team was led by capital markets partners Christian Nagler, Debbie Yee and Lance Hancock, and associates Ibe Alozie and Brett Mele; transactional partners Leo Greenberg and Maggie Flores, and associate Matthew Benedetto; and tax partners Michael Beinus and Scott Fryman.