Latham & Watkins Advises Capitol Investment Corp. V in its US$300 Million Initial Public Offering

Capitol Investment Corp. V (Capitol) has announced the pricing of its initial public offering of 30 million units at a price of US$10 per unit. Each unit consists of one share of Capitol’s Class A common stock and one-third of one redeemable warrant, each whole warrant entitling the holder to purchase one share of Capitol’s Class A common stock. Capitol has granted the underwriters a 45-day over-allotment option to purchase up to an additional 4.5 million units. The offering is expected to close on December 4, 2020, subject to customary closing conditions.

Latham & Watkins LLP represented Capitol in the offering with a corporate team led by partners Rachel Sheridan and Jason Licht, with associates Christopher Clark, Om Pandya, Gabrielle Blum, and Sarah Dunn.