Perimeter Acquisition Corp. I Secures $241.5 Million in Upsized IPO with White & Case Advising

Deal News | May 15, 2025 | White & Case LLP

Perimeter Acquisition Corp. I Secures $241.5 Million in Upsized IPO with White & Case Advising

Global law firm White & Case LLP provided advisory services to the sole book-running manager during Perimeter Acquisition Corp. I's upsized initial public offering valued at US$241.5 million, which included the exercise of the underwriter's over-allotment option. Perimeter Acquisition Corp. I is a special purpose acquisition company (SPAC) focusing on the defense, national security, and technology sectors for potential business combinations. White & Case's Capital Markets practice, recognized for their SPAC capabilities, has an impressive track record, involving participation in over 175 SPAC IPOs totaling more than US$55 billion and more than 80 de-SPAC combinations valued at over US$125 billion. The advisory team consisted of Capital Markets partners Daniel Nussen and Joel Rubinstein, among others.

Sectors

  • Financial Services
  • Legal Services
  • Defence and Technology

Geography

  • United States – The transaction and the advisory services rendered by White & Case LLP primarily involve U.S.-based legal professionals and exchanges.

Industry

  • Financial Services – This sector encompasses investment banking and capital markets, which relate directly to the services provided by White & Case LLP in facilitating the IPO.
  • Legal Services – The professional advisory role of White & Case LLP falls within the legal services industry, specializing in capital markets and SPAC services.
  • Defence and Technology – The article mentions that Perimeter Acquisition Corp. I is targeting these sectors for future business combinations, aligning with the company's strategic objectives.

Financials

  • US$241.5 million – The total value of Perimeter Acquisition Corp. I's upsized initial public offering.

Participants

NameRoleTypeDescription
Perimeter Acquisition Corp. ITarget CompanyCompanyA special purpose acquisition company focusing on investment opportunities within the defense, national security, and technology sectors.
White & Case LLPLegal AdvisorCompanyAn international law firm providing legal advisory services for the IPO, known for its expertise in SPAC transactions.
Daniel NussenCapital Markets PartnerPersonPartner at White & Case LLP leading the Capital Markets team on this transaction.
Joel RubinsteinCapital Markets PartnerPersonNew York-based partner at White & Case LLP who led the advisory activities for this offering.
Brandon WongAssociatePersonAssociate at White & Case LLP assisting in the transaction from the Houston office.
Scott FrymanTax PartnerPersonNew York-based Tax partner at White & Case LLP involved in the transaction.
Nir FishbienAssociatePersonAssociate at White & Case LLP involved in the IPO from the New York office.