NEW YORK, March 16, 2021 – Proskauer, a leading international law firm, today announced that it advised Lerer Hippeau Acquisition Corp. in its initial public offering of 22,266,185 shares of its Class A common stock, $0.0001 par value per share, at $10.00 per share, for gross proceeds of $222,661,850.
The shares began trading on the Nasdaq Capital Market on March 5, 2021 under the ticker symbol “LHAA”.
Lerer Hippeau Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. The Company is led by Kenneth Lerer, its Chairman, Eric Hippeau, its Chief Executive Officer and Director, and Ben Lerer, its President and Director. The Company is sponsored by an affiliate of Lerer Hippeau, one of the most active venture capital firms in the country with a portfolio of over 400 companies across the consumer and enterprise technology sectors.
The Proskauer team included Corporate partners Dan Forman, Monica Arora and Steven Burwell, and associates Andrew Mandelbaum, Aaron Quint and Tyler Stahl, Employment partner Harris Mufson, Tax partner Malcolm Hochenberg, associate Bowon Koh and law clerk Perry Laub.