Ballard Spahr Represents EF Hutton as Sole Book-Running Manager for $101 Million SPAC IPO
Ballard Spahr served as counsel to EF Hutton, a division of Benchmark Investments, LLC, as sole book-running manager for Vision Sensing Acquisition Corp., a special purpose acquisition company (SPAC), in an initial public offering valued at $101.2 million in gross proceeds.
EF Hutton served as underwriter on the offering, which closed last month. EF Hutton, a premier financial services company, was represented in the transaction by Gerald J. Guarcini, co-leader of Ballard Spahr’s Securities and Capital Markets Group, and Peter Jaslow, a partner in the firm’s Business and Transactions Department, with assistance from David B. Gross, an associate in the Business and Transactions Department.
Vision Sensing Acquisition Corp. is sponsored by the founders of Miami-based Vision Sensing LLC. The common stock commenced trading on the Nasdaq Global Market on November 1, 2021, under the ticker symbol VSACU. Vision Sensing Acquisition Corp. is a SPAC, or ‘blank check’ company, formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
The company intends to focus on businesses with operations in the vision-sensing technologies, involving electronic devices that display visual images used in manufacturing and other operations for quality control and related purposes.
For more information, please see the Vision Sensing Acquisition Corp. press release here.
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