Latham & Watkins Advises Otonomo in its Proposed US$1.4 Billion Merger with Software Acquisition Group Inc. II.

A multidisciplinary team represents the vehicle data platform and marketplace in the transaction that will make Otonomo a publicly traded company.

February 01, 2021

Otonomo Technologies Ltd., a leading platform and marketplace for vehicle data, and Software Acquisition Group, Inc. II (Nasdaq: SAII), a US publicly traded special purpose acquisition company, have announced that they have entered into a definitive agreement for a business combination. Upon closing of the transaction, the combined company will operate under the Otonomo name and will be listed on Nasdaq under the new ticker symbol “OTMO.”

Latham & Watkins LLP represents Otonomo Technologies Ltd. in the transaction with a corporate deal team led by Houston partners Ryan Maierson and John Greer and London partner Joshua Kiernan, with Houston associates Ryan Lynch, Clayton Heery, Jessica Sherman, and Ziyad Barghouthy. Advice was also provided on tax matters by Washington, D.C. partner Nicholas DeNovio, with Washington, D.C. associate Eli McCrain and Los Angeles associate Abigail Friedman; on intellectual property matters by New York partner Jeffrey Tochner, with New York associate Meredith Ward; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum; on compliance matters by Washington, D.C. partner Les Carnegie and London partner Nathan Seltzer, with Washington, D.C. associate Andrew Galdes; on data privacy matters by Washington, D.C. counsel Marissa Boynton; and on environmental matters by Houston partner Joel Mack and Los Angeles counsel Joshua Marnitz.

 
 
Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.