Our team assisted with the Luxembourg aspects, including the successful completion of this restructuring and merger which creates a publicly traded, pureplay company focused on the growing global biosimilar market.

As a result of the completion of the business combination the ordinary shares and warrants of Alvotech began trading on the Nasdaq Stock Market LLC on 16 June 2022. This was the largest debut of an Icelandic company on a U.S. stock exchange.

A SPAC, known as a special-purpose acquisition company, raises money by becoming a publicly traded company and identifying a suitable target to complete a business combination with. Our Loyens & Loeff team can assist with the entire SPAC cycle, whether that be the initial set up or the business combination. Have any questions in relation to SPACs? Contact our team below!