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Mosaic Acquisition Completes Initial Public Offering

Paul, Weiss advised special acquisition company Mosaic Acquisition Corp. in its initial public offering. The company raised $345,000,000, including full exercise of the underwriters’ overallotment option, offering 34,500,000 units. Each unit consists of one Class A ordinary share and one third of one warrant, with each whole warrant entitling the holder to purchase a Class A ordinary share at a price of $11.50. Mosaic’s units are listed on the NYSE under the ticker symbol “MOSC.U”.

Mosaic Chief Executive Officer David M. Maura is a Paul, Weiss client, and Mosaic's sponsors are affiliates of Mr. Maura and Fortress Investment Group LLC.

Prior to the IPO, Mosaic entered into forward purchase agreements with certain anchor investors providing for their purchase of an aggregate of 15,789,474 Class A ordinary shares for $9.50 per share upon completion of Mosaic’s initial business combination.

The Paul, Weiss team included corporate partners Raphael Russo and Jeffrey Marell; tax partner David Mayo; and employee benefits partner Lawrence Witdorchic and counsel Reuven Falik.

October 23, 2017

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