Hannes Snellman Counsel to Virala Acquisition Company Plc on its IPO and Listing on the SPAC Segment of Nasdaq Helsinki – First SPAC in Finland

Hannes Snellman acted as legal counsel to Virala Acquisition Company Plc (VAC), whose founding shareholder and largest owner is Virala Corporation, on its IPO and the listing of its Class C shares on the SPAC segment of the regulated market of Nasdaq Helsinki. VAC is a Finnish acquisition company, a so-called Special Purpose Acquisition Company (SPAC), and the first SPAC to list its shares on Nasdaq Helsinki. The purpose of VAC is to raise capital through the IPO and within 36 months thereafter acquire a company, which will be listed on the Official List of Nasdaq Helsinki or on the Nasdaq First North Growth Market. VAC raised gross proceeds of EUR 107.5 million in the IPO.

Hannes Snellman’s core team comprised Sonja Siggberg, Anniina Järvinen, Lauri Marjamäki, Linnea Lehtonen, Tommi Kovero, Anton Karlais, Peppi Manninen, Annemari Rosi, Aki Salmela, and Sofi Lehtinen from our Corporate and Capital Markets Team; Heikki Vesikansa, Stefan Stellato, Isabella Kartila, Piia Ahonen, and Marika Sorsa from our Tax Team; Antti Alanko, Tuomas Toivonen, and Sanna Boow from our Finance Team; and Johanna Haltia-Tapio from our Employment Team.