WASHINGTON, D.C. – Nelson Mullins represented Liberty Resources Acquisition (“Liberty”) in its special purpose acquisition company (SPAC) deal with Caspi Oil Gas (“Caspi”). The deal has a value of $427.7 million and is expected to be completed during the first quarter of 2023. The deal also represents a binding agreement with Caspi’s owner, Markmore Energy Limited (“Markmore”), to take Caspi public in a merger.

The Nelson Mullins team included partners Andy Tucker, Gavin Beske, Kathleen Deutsch, Wells Hall, and associate Sydney Hamer.

Liberty is a blank check company, which was formed to acquire one or more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. Liberty was formed to effect a business combination focusing on the natural resources industry, specifically within the oil and gas sectors.

Caspi, based in Malaysia, is the concession owner of the Rakushechnoye Oil Field, located in West Kazakhstan. The Rakushechnoye License Block is located onshore by the Caspian Sea of the Mangyshlak peninsula, West Kazakhstan.

Tucker is a corporate and securities advisor to growing companies, particularly in the technology and government contracting sectors. He assists his clients with a broad variety of transactional support, including venture capital and private equity transactions, joint ventures, mergers and acquisitions, and public and private securities offerings.

Beske’s practice focuses on advising investment banks, insured depository institutions, and other regulated entities on securities and regulatory compliance issues. He also advises public companies on Exchange Act compliance, NYSE and Nasdaq compliance, corporate governance, and Sarbanes-Oxley Act matters.

Deutsch advises corporate clients, including entrepreneurs, seeking workable, unique solutions to legal challenges that involve an acceptable amount of risk. She has represented a variety of both publicly and privately held businesses in mergers and acquisitions, public and private offerings of securities, joint ventures, and general corporate matters.

Hall advises clients on the federal, state, and multi-state tax aspects of acquisitions, reorganizations, restructuring of business entities, and private equity transactions, and estate and gift tax planning in connection with such transactions.

Hamer’s practice focuses in the area of mergers and acquisitions and general corporate law.

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Established in 1897, Nelson Mullins is an Am Law 100 firm of more than 930 attorneys and government relations professionals with offices in 15 states and Washington, D.C. For more information on the firm, go to www.nelsonmullins.com.