Schiff Hardin Advised Good Works Acquisition Corp. in $150 Million SPAC IPO

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Schiff Hardin Advised Good Works Acquisition Corp. in $150 Million SPAC IPO

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Schiff Hardin advised Good Works Acquisition Corp. in connection with its initial public offering of 15 million units of securities at $10 per unit. The offering was underwritten by I-Bankers Securities, Inc. Good Works Acquisitions Corp., a blank-check company, intends to focus on business combination opportunities with companies in need of growth capital due to new technology or changes in behavior related to COVID-19. The company will evenly donate a total of 750,000 shares to three different nonprofit organizations, including those involved in the arts, human rights and advancing life sciences. The offering closed on October 22, 2020, and the underwriters have received a 45-day option to purchase additional units up to 15% to cover over-allotments.