Jefferies Advised by Paul Hastings on Three Equity Capital Markets Deals in One Week

February 05, 2021

New York and Los Angeles – Paul Hastings LLP, a leading global law firm, announced today that it advised Jefferies LLC on three equity capital markets matters. Jefferies served as book-running manager for two SPAC IPOs totaling approximately $500 million and as an agent for Regis Corp’s new “at-the-market” (ATM) securities offering program.

HealthCor Catalio Acquisition Corp.
Jefferies served as sole book running manager for the $207 million IPO for HealthCor Catalio Acquisition Corp., a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses. The Company’s sponsor is owned by affiliates of HealthCor Management, L.P., which manages approximately $2.7 billion in assets across long/short and long only healthcare funds, and Catalio Capital Management, LP, a private equity firm that invests in breakthrough biomedical technology companies.  HealthCor Catalio Acquisition Corp. priced its upsized initial public offering of 20,700,000 Class A ordinary shares at a price of $10.00 per share, including 2,700,000 Class A ordinary shares issued pursuant to the underwriter’s full exercise of its over-allotment option. The transaction was one of a few SPACs in the market with no warrants in the public offering.  The shares began trading on the Nasdaq Capital Market under the ticker symbol “HCAQ” on January 27, 2021.

Clarim Acquisition Corp.
Jefferies served as joint book running manager for the $287.5 million IPO for Clarim Acquisition Corp., a special purpose acquisition company focused on the consumer-facing e-commerce sector. The company is led by James F. McCann, founder of 1-800-Flowers.com Inc.  Clarim Acquisition Corp. priced its initial public offering of 28,750,000 units at $10.00 per unit, including 3,750,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option. The units began trading on the Nasdaq Capital Market under the ticker symbol “CLRMU” on January 29, 2021.

Regis Corp.
Jefferies served as agent for Regis Corp.’s (NYSE: RGS) new ATM securities offering program. RGS filed a registration statement and an at the market prospectus on February 4, 2021 for a new ATM program.

The Paul Hastings team that advised Jefferies on the three deals included partners Frank LopezJonathan Ko, and Christopher Austin, of counsel James Shea, and associates Shai MarshallStephen PerryWill Peifer, and Bianca Lazar.

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