Fenwick represented Jam City, Inc., a leading mobile entertainment company, in its definitive merger agreement with DPCM Capital, Inc. (NYSE: XPOA), a special purpose acquisition company (SPAC), that will result in Jam City becoming a publicly listed company.
The transaction values the combined company at an enterprise value of $1.2 billion. Upon closing, the combined company will operate as Jam City Holdings, Inc. and its Class A common stock is expected to be listed on the New York Stock Exchange under the ticker symbol “JAM.” The transaction is expected to close sometime later this year. More information can be obtained from Jam City’s announcement.
In conjunction with the closing of the business combination, Jam City will use the cash proceeds to acquire a leading Montreal-based mobile game publisher Ludia, Inc. from FremantleMedia Canada Inc., bringing together two highly creative leaders in mobile gaming and further strengthening Jam City’s market position and global player network. Fenwick is also advising on this transaction.
The Fenwick transaction team included corporate partners Mark Stevens, James Evans, Stephen Fisher, Morgan Sawchuk and Katherine Duncan, associates Zachary Portnoy, Caroline Wells, Ari Haber, Jiarui Li, Jennifer Wu, Harrison Dilday and Christian Olano, and law clerks Angelo Angelino and Duey Ho; antitrust & trade regulation partner Mark Ostrau; technology transactions associates Arjun Ravi, Russell Wong, Andrew Martinez and Barbara Wong; executive compensation and employee benefits partner Nancy Chen and associate Bryan Belok; privacy and cybersecurity counsel Helen Christakos and associate Joesph Newman; securities litigation partner Catherine Kevane; tax partner William Skinner and associates Michael Knobler and Kris Hatch.