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Cases & Deals

March 2, 2021

QOMPLX Agrees to Combine with Tailwind Acquisition Corp.

King & Spalding represented QOMPLX, Inc., a leader in cloud-native risk analytics, in its definitive business combination agreement with Tailwind Acquisition Corp. (NYSE: TWND), a special purpose acquisition company (SPAC).  Upon closing of the transaction, the combined company will operate as QOMPLX, Inc. and plans to list on the NYSE under the symbol QPLX. The transaction reflects an estimated post-transaction equity value for QOMPLX of approximately $1.4 billion.

Concurrently with the signing, King & Spalding also represented QOMPLX in its $180 million PIPE and bridge financing transaction. 

We also represented the company in its acquisition Huntsville, Alabama-based Sentar, one of the fastest-growing cyber intelligence, analytics and operations solutions providers focused on the national security sector, and in its acquisition of London-based Tyche, which provides a modeling platform focused on the complex challenges facing insurers.

The SPAC combination and acquisitions of Sentar and Tyche are expected to close simultaneously in mid-2021, subject to regulatory approvals and other closing conditions.

QOMPLX’s press release announcing the transaction can be found here.