NEW YORK – Global law firm Reed Smith represented North Atlantic Acquisition Corporation (NASDAQ: NAAC), a publicly traded special purpose acquisition company (SPAC), in a definitive business combination agreement with TeleSign, a leader in digital identity and CPaaS software solutions.
The transaction is expected to close in Q2 of 2022, subject to Securities and Exchange Commission review, regulatory and NAAC shareholder approvals, and other closing conditions. Upon closing, the company will be named TeleSign, Inc., and shares of its common stock are expected to trade on Nasdaq.
The Reed Smith team that advised NAAC includes partners Panos Katsambas (London), Lynwood Reinhardt (Dallas), Sahra Dalfen (New York), and Ron Scharnberg (Houston); counsel John Ngo (New York); and associates Brooke Dorris (Dallas), Emily Faro (New York), and Michelle Min (New York).
Additional information can be found at prnewswire.com.