Latham & Watkins Advises Underwriters in Deep Lake Capital Acquisition Corp.’s Upsized US$180 Million IPO

Deep Lake Capital Acquisition Corp., a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, has closed its initial public offering of 18 million units at a price of US$10 per unit. The units are listed on the Nasdaq and began trading under the ticker symbol “DLCAU” on January 13, 2021. Each unit issued in the offering consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of US$11.50 per share, subject to adjustment. After the securities comprising the units began separate trading, the Class A ordinary shares and warrants were listed on Nasdaq under the symbols “DLCA” and “DLCAW,” respectively.

Latham & Watkins LLP represented the underwriters in the offering with a corporate team led by New York partners Ian Schuman and Erika Weinberg, with associates Andrew Blumenthal and Regan Devers.