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Churchill Capital Announces Completion of $600 Million IPO

Paul, Weiss represented Churchill Capital Corp, which on September 11, 2018 completed an initial public offering of 69,000,000 units, including 9,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $690,000,000. The units, each of which consists of one share of the Company’s Class A common stock and one half of one warrant, will be listed on the New York Stock Exchange. Citigroup Global Markets Inc. was the sole bookrunning manager for the offering.

The company was formed by veteran dealmaker Michael Klein and former IHS Markit Ltd. CEO Jerre Stead. The company will seek a business combination with one or more businesses and intends to focus its search for a target business in the information services segment of the broader technology services and software industry.

The Paul, Weiss team includes corporate partners Raphael Russo and Jeffrey Marell; litigation partner Richard Rosen; and tax partner David Mayo.

September 13, 2018

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