Paul Hastings Advised MultiMetaVerse Inc. in US$300 Million Business Combination

January 12, 2023

Paul Hastings LLP advised MultiMetaVerse Inc. in the completion of its US$300 million business combination with Model Performance Acquisition Corp., which is the first de-SPAC transaction closed in 2023 with a China-based company as the target. The resulting combined company is MultiMetaVerse Holdings Limited and commenced trading on January 5, 2023, under the ticker symbol "MMV" on the Nasdaq Global Market and “MMVWW” on the Nasdaq Capital Market.

MMV is a leading animation and entertainment company in China, which owns one of the most popular Chinese original anime brands, Aotu World.

The Paul Hastings team was led by Jia Yan, co-chair of the firm’s mainland China offices, with support from New York of counsel Keith Pisani, associates Devin Geng and Xunming Cui, and China associate Lanxin Zhang.

More details on the transaction can be found here.  

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