Crucible SPAC Closes Upsized $258 Million IPO

Paul, Weiss represented Credit Suisse Securities (USA) LLC as underwriter in the $258,770,000 initial public offering of units by Crucible Acquisition Corporation, a newly formed special purpose acquisition company sponsored by the Foundry Group. Credit Suisse acted as sole bookrunner for the offering.

Crucible plans to target businesses in the software industry, prioritizing cloud-based recurring revenue business models. 

The Paul, Weiss team included corporate partner Brian Janson and counsel David Curtiss; and tax partner David Mayo.