Latham & Watkins Advises Essentium in deSPAC Transaction With Atlantic Coastal Acquisition Corporation

A multi-disciplinary deal team advises on the transaction that will make Essentium a publicly traded company.

December 01, 2021

Essentium, Inc., a leading innovator of industrial additive manufacturing solutions, has announced that it has entered into a definitive business combination agreement with Atlantic Coastal Acquisition Corporation (NASDAQ: ACAH). Upon completion of the transaction, which is expected to occur around the end of the first quarter of 2022, the combined company will retain the Essentium name and is expected to be traded on The Nasdaq Stock Market, LLC under the new ticker symbol “ADTV”.

Latham & Watkins represents Essentium, Inc. in the transaction with a corporate deal team led by Austin partner Jen Smith and Houston partner Nick Dhesi, with Houston associates Bryan Ryan, Jordan Mack, Jessica Sherman, Vera Bespalova, and Haley Sandoval. Advice was also provided on tax matters by Houston partner Tim Fenn, with Houston associate Mike Rowe; on antitrust matters by Washington, D.C. partner Jason Cruise, Frankfurt partner Max Hauser and Washington, D.C. counsel Joseph Simei; on regulatory matters by Washington, D.C. partner Jim Barker and Washington, D.C. counsel Kyle Jefcoat and Dean Baxtresser; on benefits and compensation matters by Washington, D.C. partner David Della Rocca and Washington, D.C. counsel Laura Szarmach; on intellectual property and data privacy matters by Bay Area partner Michelle Gross, with Bay Area associate Caroline Omotayo; and on environmental matters by Washington, D.C. partner James Barrett and Los Angeles counsel Josh Marnitz.

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