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Latham Represents 10X Capital Venture Acquisition Corp. III in Merger With Sparks Energy, Inc.

December 21, 2022
Firm represents the SPAC in the deSPAC merger that will result in Sparks Energy, Inc. being listed on the NYSE upon closing.

Sparks Energy, Inc., a leading provider of power infrastructure restoration and services to utilities across the United States, and 10X Capital Venture Acquisition Corp. III (NYSE: VCXB), a special purpose acquisition company (SPAC), announced that they have entered into a merger agreement for a business combination that would result in the combined entity being a publicly listed holding company with Sparks as its wholly-owned subsidiary. Following the close of the transaction, the resulting holding company expects to be listed on NYSE under the ticker “SPKS”.

Latham & Watkins LLP represents 10X Capital Venture Acquisition Corp. III in the transaction with a corporate deal team led by London partner David Stewart and Houston partner Ryan Maierson and Houston associate Om Pandya, with associates Paul Robe, Jason Hyatt, Sydney Verner, Kathleen McCullough, Zainab Hashmi, Corynn Wilson, and Natasha Kalaouze. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim and Washington, D.C. partner Andrea Ramezan-Jackson, with associate Seung (Sam) Yang; on environmental matters by Los Angeles/Washington, D.C. counsel Joshua Marnitz, with associate Jacqueline Zhang; on executive compensation & benefits matters by New York partner Bradd Williamson and Chicago partner Nineveh Alkhas, with associates Laura Waller, and Megan Alessi; on intellectual property matters by Bay Area partner Michelle Gross, with associates Kiara Vaughn and Fiona Gillan; and on sanctions matters by Washington, D.C. partner Eric Volkman, with associate Matthew Gregory.