Walkers Advises Duddell Street Acquisition Corp. on the Listing of its US$175 Million SPAC

Walkers acted as Cayman Islands counsel to Duddell Street Acquisition Corp. on its US$175 million initial public offering of 17,500,000 units. Each unit had an initial offering price of US$10 and consists of one Class A ordinary share and one-half of one redeemable warrant. The units, the shares and the warrants are listed on the Nasdaq Capital Market.

The company is a newly incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting an initial business combination, and intends to focus on global companies in telecom, media and technology, healthcare, fintech and consumer sectors with compelling Asian growth potential.

Cayman Islands partner Andrew Barker, Hong Kong partner Jo Lit and Legal Manager Kevin Ho advised the company on the Cayman Islands law aspects, while Davis Polk & Wardwell LLP advised the company on the US law aspects.

CAYMAN ISLANDS
Andrew BarkerPartnerT +1 345 914 4282andrew.barker@walkersglobal.com

HONG KONG
Jo LitPartnerT +852 2596 3383jo.lit@walkersglobal.com
Kevin HoLegal ManagerT +852 2596 3455kevin.ho@walkersglobal.com