Sidley is representing Oyster Enterprises Acquisition Corp. (NASDAQ: OSTRU) as issuer’s counsel in its US $200 million initial public offering (IPO). Oyster Enterprises is a special purpose acquisition company (SPAC) sponsored by an affiliate of Alden Global Capital LLC, the New York-based investment advisory firm. The SPAC is focused on acquisition opportunities in the technology, financial services, real estate, real estate services, consumer products, industrials, media, hospitality, and entertainment sectors. The IPO priced on January 19, 2021 and is scheduled to close on January 22, 2021.
The team is led by Brad Howard (Investment Funds), Mike Heinz, and Kunle Deru (Capital Markets), and includes David Lichtstein and Ei Jae Chang (Capital Markets), Ben Nager (FINRA), and Christian Brause and Rémi Gagnon (Tax).