Shearman & Sterling advised BofA Securities as sole book-running manager on the initial public offering of 5:01 Acquisition Corp., a special-purpose acquisition company, of 8 million shares of Class A common stock at an offering price of $10.00 per share.

5:01 Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company intends to focus its search of a prospective target business on early stage North American or European companies in the biotechnology sector of the healthcare industry. The company is led by Co-Chief Executive Officers Andrew J. Schwab and Kush M. Parmar, both of whom are Managing Partners of 5AM Venture Management, LLC, a leading venture capital firm focused on building next-generation life science companies solving important healthcare needs with cutting-edge breakthroughs in medicine and science.