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ARTICLE · 16 OCTOBER 2022

Guernsey ‘Jurisdiction Of Choice' For SPACs

A Guernsey-incorporated, sustainability-centric special purpose acquisition company (SPAC) has been admitted to trading on the Main Market of the London Stock Exchange (LSE).

GuernseyFinance and Banking

A Guernsey-incorporated, sustainability-centric special purpose acquisition company (SPAC) has been admitted to trading on the Main Market of the London Stock Exchange (LSE).

Ikigai Ventures Limited was established to acquire companies with a specific focus on sustainability and ESG strategy as part of their core business.

Carey Olsen's Guernsey corporate team advised on the Guernsey legal and regulatory aspects of the admission. Partner Tony Lane, who led the team, said: "Once again, Guernsey has proven its reputation as a jurisdiction of choice for incorporating and listing SPAC vehicles and it has been a pleasure to apply our strength and expertise in capital market transactions in order to assist this launch".

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