Stanton represents Pathfinder Acquisition Corp. as it merges with Movella Inc. in a SPAC deal valued in the $537M range.
Movella’s sensors, software and analytics products enable the digitalization of movement and are used in the entertainment, health & sports, automation and mobility markets.
Its customers include NBCUniversal, Siemens, Daimler and Electronic Arts.
Pathfinder CEO David Chung said Movella is positioned to provide critical enabling technology for the Metaverse, next-generation gaming and other high-growth emerging end markets and applications.
Movella, which has been backed by Kleiner Perkins from its inception, also counts GIC and Columbia Threadneedle as core investors.
It expects to reach the breakeven point during Q3 2023 and turn a profit in Q4.
Stanton’s Tom Faust handles Pathfinder Acquisition Corp.