Hunt Companies SPAC Closes $230 Million IPO

Paul, Weiss advised Hunt Companies Acquisition Corp. I, a special purpose acquisition company (SPAC) formed by Hunt Companies, Inc., in its $230 million initial public offering.

The offering included 3 million units issued pursuant to the underwriters’ exercise of their over-allotment option. The units, each of which consists of one share of the company’s Class A ordinary shares and one half of one warrant, are listed on the New York Stock Exchange. Jefferies LLC was the sole book-running manager for the offering.

The company will seek a business combination with one or more businesses and will not limit its search for a target business to a particular industry or geographic region. It intends to focus its search, however, on businesses within the renewable energy, infrastructure services and real asset services sectors.

The Paul, Weiss team included corporate partner Raphael Russo and tax partner Scott Sontag.