Carey Olsen advises on US$230 million SPAC IPO on Nasdaq
Carey Olsen's corporate team in the Cayman Islands has advised Wilco 63 Corporation, a special purpose acquisition company ("SPAC"), on its initial public offering ("IPO") on the Nasdaq Global Market ("Nasdaq").
On 22 June 2026, Wilco 63 Corporation ("the Company") announced the closing of its IPO of 23,000,000 units, including the exercise of the underwriters’ over-allotment option in full. The offering was priced at US$10.00 per unit, resulting in gross proceeds of US$230,000,000. The SPAC's units began trading on 18 June 2026 on the Nasdaq under the ticker symbol "WLCOU".
The SPAC currently intends to concentrate its search for technology-enabled target businesses operating within sectors undergoing structural transformation driven by artificial intelligence, automation, robotics, advanced analytics, sensor fusion, cloud intelligence, and human-in-the-loop remote operations.
The Company is led by Matthew Brown, a special situations partner at HGM, who is also acting as Chief Executive Officer, Chief Financial Officer and Co-Chairman of the Company.
Working alongside lead counsel DLA Piper, the Carey Olsen team advising the SPAC on the Cayman Islands legal and regulatory aspects comprised partner Dylan Wiltermuth and associate Nicholas Vasic. Cantor Fitzgerald & Co. acted as sole book-running manager for the offering.
Dylan Wiltermuth said: "It was a pleasure to bring together our extensive capital markets capabilities and experience advising on SPAC listings on this IPO. The deal is also the latest example of Carey Olsen's ability to execute securities transactions throughout the world."
