Shearman And Sterling

News February 19, 2021

New Vista Acquisition Corp’s $276 Million IPO

Shearman & Sterling advised Citigroup and Jefferies as joint book-running managers on the initial public offering of New Vista Acquisition Corp, a special purpose acquisition company, of 27.6 million units at an offering price of $10.00 per unit, each unit consisting of one Class A ordinary share and one-third of one redeemable warrant.

New Vista 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 on businesses operating within the (1) space, defense and communications and (2) advanced air mobility and logistics industries. The company is led by Dennis Muilenburg, Chief Executive Officer and Chairman of the board of directors of the company, Kirsten Bartok Touw, Co-President and Chief Operating Officer of the company, and Travis Nelson, Co-President and Chief Executive Officer of the company.

The Team