Fenwick Represents Jam City in Spin-Off of Plai Labs

Fenwick represented Jam City, a mobile entertainment company, in its spin-off of Plai Labs, a new social platform. In conjunction, the company announced that current Jam City co-founder and CEO, Chris DeWolfe, and co-founder and CTO, Aber Whitcomb will be departing Jam City to oversee Plai Labs. Co-founder, COO and President of Jam City, Josh Yguado has been elevated to CEO, where he will oversee the company’s continued growth. In addition, SeungWon Lee, Chairman of the Board of Jam City and President, Global HQ of Netmarble Corporation, has been elevated to Executive Chairman of Jam City.

In late 2021, Jam City announced the addition of a new Blockchain division anchored by its first project, Champions Ascension. DeWolfe and Whitcomb are taking this division and the Champions Ascension world, and launching Plai Labs, focused on creating dynamic, unique and engaging social experiences leveraging Web3 and AI technologies. Plai Labs will capitalize on their visionary leadership in pioneering social platforms and deep expertise in digital identity, community engagement and game mechanics to advance its development of next-generation social experiences. More information on the transaction can be obtained from the company’s announcement.

The Fenwick transaction team included corporate partners Mark Stevens, Morgan Sawchuk and David Michaels and associates Tracy Kennberg, Meghan Bell, Erica Sun, Eric Cheng, Liz Malmen and Ari Haber; technology transactions partner Joseph Schenck and associates Russell Wong and Julia Chung; executive compensation and employee benefits partner Nancy Chen and associate Christophe Delrieu; tax partner William Skinner; and securities litigation partner Catherine Kevane.