A&O Shearman advises Santander on SilverBox Corp V’s upsized SPAC IPO

The offering included 3.6 million units issued pursuant to the underwriter’s option to purchase additional units. The units began trading on the New York Stock Exchange under the ticker symbol “SBXE.U” on December 3, 2025.

Each unit sold in the offering consists of one Class A ordinary share and one-third of one redeemable warrant.

SilverBox Corp V is a “blank check” company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While it may consider targets across various industries, the Company intends to focus on sectors where it believes the expertise of its management team will provide it with a competitive advantage in completing a successful initial business combination. The company is led by Chairman and Chief Executive Officer Stephen M. Kadenacy and Chief Financial Officer Daniel Esters. 

The A&O Shearman team was led by partners Ilir Mujalovic (New York, capital markets), Bill Nelson (Houston, capital markets), Richard Alsop (New York, capital markets) and Jennifer Morton (New York, financial institutions advisory and financial regulatory); counsel John Menke (Houston, capital markets); and associates Justin Higdon, Paul Gerstle (both Houston, capital markets), Taylor Pugliese and Dominic Petric (both New York, financial services regulatory).