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Latham & Watkins Advises Starry in de-SPAC Merger With FirstMark Horizon Acquisition Corp.

October 7, 2021
Members of the firm’s M&A, capital markets, and tax practices represent the transformative broadband provider in deal to become a publicly traded company.

Starry, a next generation licensed fixed wireless technology developer and internet service provider, and FirstMark Horizon Acquisition Corp. (NYSE: FMAC) (FirstMark), a special purpose acquisition company sponsored by an affiliate of FirstMark Capital, have announced that they have entered into a definitive merger agreement. Upon completion of the mergers contemplated therein, the combined company will continue to operate as Starry and will be listed on a national exchange under the ticker symbol STRY. The transaction implies a pro forma enterprise value of US$1.66 billion. 

Latham & Watkins LLP represents Starry in the transaction with a corporate deal team led by New York M&A partner Justin Hamill, Bay Area M&A partner Chad Rolston, Washington, D.C. capital markets partners Rachel Sheridan and Shagufa Hossain, and New York capital markets partner Reza Mojtabaee-Zamani, with associates Adam Rosenthal, Christopher Bezeg, Anika Amin, Aubrey Steiger, Shawn Noh, Christopher Yu, Taylor Allison, and Juan Grana, and special legal consultant Alexander González Castillo. Advice was also provided on tax matters by Houston partner Bryant Lee and Bay Area partner Katharine Moir, with associates Jared Grimley, Christine Mainguy, and Dominick Constantino; on benefits and compensation matters by Bay Area partner Erin Murphy, with associate Anne Bracaglia; and on finance matters by New York counsel Ipek Seniz Yakut, with associate Eric Luo.