A team of Pillsbury lawyers advised Movella Inc., a leading full-stack provider of sensors, software and analytics that enable the digitization of movement, in a definitive business combination agreement to be publicly listed on the Nasdaq Stock Market.

With long-time clients within the entertainment, health and sports and automation and mobility industries including Electronic Arts, NBC Universal, Daimler and Siemens, Movella’s advanced inertial sensor technology, along with its software and analytics, offer a full-stack solution for the digitization of movement.

A sponsored affiliate of special purpose acquisition company Pathfinder Acquisition Corporation, the company will soon be listed as Movella Holdings Inc. and is expected to have a pro forma enterprise value of approximately $537 million. Upon the closing of the transaction, the raised capital will be invested to further scale and grow the business.

The Pillsbury deal team included Corporate M&A partner Allison Leopold Tilley, counsel Drew Simon-Rooke, senior associate Brandon Eckford and associates Natalie Jonsson, and Grace Lee, Capital Markets partner Davina Kaile, special counsel Danielle de Zorzi and associates JP Cordon and Sacha Urbach, Finance partners Philip Tendler and Joseph Fastiggi, Executive Compensation & Benefits partner Cindy Schlaefer and associate Ben Gibbs, Tax partner Nora Burke and Antitrust & Competition attorney Evan Storm.

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