Appleby acted as Cayman Islands counsel to United Acquisition Corp. I on its SPAC IPO of 10,000,000 units at a price of $10.00 per unit. The units began trading on the NYSE American exchange under the ticker symbol “UACU” on 29 January 2026
The Company is sponsored by United Acquisition SPAC LLC and led by CEO Paul Packer, who is the founder of Globis Capital Advisors. The Company intends to focus its target search for businesses with technological or brand competitive advantages or with underexploited growth opportunities, but not limited to a particular industry, sector or geographic region.
This transaction was led by Asia Managing Partner David Bulley and Hong Kong Senior Associate Alejandra Gonzalez Saucedo with assistance from Hong Kong Associate Ashley Chung. Appleby worked with Sullivan & Cromwell LLP’s New York based team led by Mario Schollmeyer as lead / US counsel.
Commenting on the matter David said “This transaction once again showcases the strength and expertise of our Hong Kong and Shanghai offices’ US public M&A teams, and highlights our clients’ trust in our ability to handle high-profile SPAC transactions, as well as our leading position in the US and Asian markets for offshore equity capital markets and M&A work.”
