Harter Secrest & Emery LLP, a full-service business law firm with offices throughout New York, recently represented G3 VRM Acquisition Corp., a special purpose acquisition company (SPAC) in its initial public offering of units (consisting of one share of Class A common stock and one right to acquire 1/10th of a share of Class A common stock). The company’s units are listed on the Nasdaq under the symbol “GGGVU.” The total gross proceeds of the deal are approximately $106 million (before underwriting discounts, commissions, and estimated offering expenses), including partial exercise of the underwriter’s over-allotment option. Maxim Group LLC acted as sole book-running manager for the offering.
The offering closed on July 6, 2021. The HSE Securities and Capital Markets team for the transaction included Alexander R. McClean, C. Christopher Murillo, and Mary C. Hamilton.
G3 VRM Acquisition Corp. is a newly formed blank check company focused on transactions with companies and/or assets within the technology industry, specifically within software, technology-enabled and business services sector, and related sectors with enterprise values of approximately $250 million to $500 million.
Harter Secrest & Emery is recognized as a leader in the securities and capital markets industry. With 10 attorneys devoted to practicing securities and capital markets law in Western New York, we bring a depth and breadth of experience unmatched in the region. The firm has represented issuers and underwriters in over 60 public offerings, with clients ranging from businesses seeking start-up capital to Fortune 500 companies. The firm’s securities practitioners assist clients with private and public offerings of securities, ongoing regulatory compliance and reporting, proxy solicitations, tender offers, and securities litigation and arbitration before the Securities and Exchange Commission, NYSE, Nasdaq, FINRA, and state and federal courts.