Kirkland Advises BETA Technologies on Upsized Initial Public Offering
Kirkland & Ellis advised BETA Technologies, Inc., an electric aerospace company, on its upsized initial public offering of 29,852,941 shares of its Class A common stock, par value $0.0001 per share, at a public offering price of $34.00 per share. In addition, BETA granted the underwriters a 30-day option to purchase up to an additional 4,477,941 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the New York Stock Exchange on November 4, 2025, under the ticker symbol “BETA.” The offering is expected to close on November 5, 2025, subject to the satisfaction of customary closing conditions.
The Kirkland team was led by capital markets lawyers Matt Pacey, Jennifer Wu, Erin Meziere, Sarah Yang, Cassie Cox, Alex Saenz, Kyle Sledge and Kristin Kluding; corporate lawyers Christopher Burwell, David Feirstein, Adam Phillips, Ravi Agarwal, Mohammed Banjari and Siddharth Rai; executive compensation lawyers Michael Krasnovsky, Steph Matko and Shana J. Krauss; and tax lawyers Devin Heckman and Nithya Sheshadri.
