Arendt & Medernach advised the sponsors of OboTech Acquisition SE on its IPO on the Frankfurt Stock Exchange

OboTech Acquisition SE (ISIN: LU2334363566), a Luxembourg special purpose acquisition company (SPAC), has raised EUR 200,000,000 in an IPO on the Regulated Market (General Standard) of the Frankfurt Stock Exchange on 4 May 2021. It is the first SPAC focused on real estate technology (Proptech) and climate technology (Climatech) in Europe.

Arendt & Medernach has advised the OboTech team on all Luxembourg law aspects, notably Corporate, Capital Markets and Tax in view of the preparation of the IPO on the Frankfurt Stock exchange.

Once again, Luxembourg has proven to be a highly strategic drop point for a new SPAC, ultimately listed on the Frankfurt Stock Exchange.

Arendt is proud to participate in such a transaction, which promotes technology and innovation by facilitating concrete results. The Proptech and Climatech sectors are expanding, and we are ready to supply our legal expertise for the success of all future projects of this nature.” (Alexander Olliges)