May 28, 2021

Willkie advised EG Acquisition Corp., a special purpose acquisition company, in its IPO.

On May 28, 2021, EG Acquisition Corp. consummated the initial public offering of 22.5 million units. Each unit consists of one share of Class A common stock, $0.0001 par value, and one-third of one redeemable warrant entitling its holder to purchase one Class A common stock at a price of $11.50 per share. The units were sold at an offering price of $10.00 per unit, generating gross proceeds of $225 million. The units were listed on The New York Stock Exchange and began trading under the ticker symbol "EGGFU" on May 26, 2021.

Simultaneously with the closing of the IPO, EG Acquisition Corp. consummated the private placement with its sponsor of an aggregate of 4,333,333 warrants at a price of $1.50 per warrant, generating total proceeds of $6.5 million.

EG Acquisition Corp. is a newly organized blank check company formed for the purpose of effecting a business combination with one or more businesses. EG Acquisition Corp. is not subject to any restrictions or limitations regarding the industry in which a target business may operate. However, there are certain sectors that EG Acquisition Corp. believes are particularly complemented by the expertise and relationships of its sponsor’s affiliates, EnTrust Global and GMF Capital, including transportation and real assets, financial services, financial services technology, healthcare, real estate and sustainability-focused businesses.

The Willkie deal team was led by partners Sean Ewen, William Gump and Steven Seidman.