Latham & Watkins Advises East Resources Acquisition Company in US$300 Million IPO

East Resources Acquisition Company, a special purpose acquisition company (SPAC), has announced the pricing of its initial public offering of 30,000,000 units at a price of US$10.00 per unit. The units are listed on the NASDAQ Stock Market, LLC (NASDAQ) and began trading under the ticker symbol “ERESU” on July 23, 2020. Led by Terrence (Terry) M. Pegula, the company was formed for the purpose of entering into a combination with one or more businesses in the energy industry in North America.

Latham & Watkins LLP represented East Resources Acquisition Company in the offering with a corporate team led by New York partners Marc Jaffe and Ian Schuman and Houston partner Ryan Maierson, with Houston associates Dan Harrist, Caroline Ellerbe, and Jessica Sherman. Advice was also provided on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson, with Washington, D.C. associate Eli McCrain.