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.