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Seanergy Maritime Corp. in Innovative "Dividend Yield" SPAC

Represented a SPAC in developing and implementing a unique publicly traded partnership structure used in acquiring a shipping business based in Greece.
Loeb & Loeb’s Capital Markets Department created a first-of-its-kind “dividend yield” SPAC for client Seanergy Maritime Corp. The innovative deal structure and sophisticated tax work allow this SPAC to generate better returns for shareholders. Investors in Seanergy’s initial public offering generated $231 million, which was deposited into a trust account that will pay the company’s public shareholders a quarterly dividend while their money is held in the trust.