Williams Rowland Acquisition Corp. Closes IPO

Winston & Strawn LLP represented Oppenheimer & Co. as sole underwriters counsel in connection with Williams Rowland Acquisition Corp. (the “Company”), a newly organized blank check company incorporated as a Delaware corporation and led by Co-Chief Executive Officers David “Tiger” Williams and Jonathan Rowland, in its IPO of 20,000,000 units at an offering price of US$10.00 per unit, with each unit consisting of one share of the common stock of the Company and one-half of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one share of common stock at US$11.50 per share. The Company has granted the underwriter a 45-day option to purchase up to 3,000,000 additional units at the IPO price to cover over-allotments, if any. The units began trading on July 27, 2021 on the NYSE under the ticker symbol “WRACU.” Once the securities comprising the units begin separate trading, the common stock and the warrants are expected to be traded on the NYSE under the symbols “WRAC” and “WRACW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.