Jeremy W.Cleveland

Associate

Silicon Valley + 1.650.687.4173

Jeremy Cleveland represents domestic and international companies in public and private equity and debt securities offerings, venture capital (VC) financings, and mergers and acquisitions (M&A). He also represents companies in connection with day-to-day disclosure obligations, corporate governance matters, securities laws, stock exchange rules and regulations, and periodic reporting responsibilities.

Jeremy has experience with companies across all growth stages, from initial formation to large public companies. He works with companies in a variety of industries, including cloud computing, customer relationship management, semiconductor, peer-to-peer lending, renewable energy, aviation, social media, solar energy, banking, e-commerce, ride share services, real estate, software, health care, biotech, artificial intelligence, and consumer products.

Experience

  • Deezer merges with and into I2PO S.A.Jones Day is advising Deezer S.A. in the context of the proposed SPAC transaction whereby Deezer S.A. would be merged with and into I2PO S.A., a French SPAC listed on the professional segment of the regulated market of Euronext Paris and the related PIPE financing.
  • PureCycle Technologies completes $250 million private placement of Common Stock and WarrantsJones Day represented PureCycle Technologies, Inc. in connection with its private placement of $250 million of Common Stock and Warrants.
  • LendingTree invests in EarnUpJones Day advised LendingTree, Inc. in the $31 million Series C financing round of EarnUp, a San Francisco-based Fintech company offering payment and data solutions for the mortgage industry.
  • Calyxt completes $10.9 million placement of Common Stock and WarrantsJones Day represented Calyxt, Inc. in connection with the placement to an institutional investor in an underwritten offering of 3,880,000 shares of its Common Stock, pre-funded warrants to purchase up to 3,880,000 shares of its Common Stock, and Common Warrants to purchase up to 7,760,000 shares of its Common Stock.
  • Intelsat closes $6.7 billion DIP-to-exit financing transactionsOn May 13, 2020, Intelsat S.A. and certain of its direct and indirect subsidiaries (the “Intelsat Parties”) filed voluntary petitions with the U.S. Bankruptcy Court for the Eastern District of Virginia commencing their respective cases under Chapter 11 of the Bankruptcy Code.
  • Koch invests in Footprint at $1.6 billion valuationJones Day advised Koch Strategic Platforms in its $150 million investment in the Class C Preferred Stock of Footprint International Holdco, Inc.
  • GreatPoint Ventures invests in ZenBusinessJones Day advised GreatPoint Ventures in the $200 million Series C financing of ZenBusiness, the only one-stop guided platform tailored for the entrepreneur’s journey to launch, run, and grow a successful business.
  • Koch invests in GameChange SolarJones Day is advising Koch Strategic Platforms in the $150 million investment in the Series A Preferred Stock of GameChange Solar Holdings Corp.
  • Altabancorp merges with Glacier BancorpJones Day represented Altabancorp, the bank holding company for Altabank, in connection with its stock-for-stock merger with Glacier Bancorp, Inc., the bank holding company for Glacier Bank.
  • Ecolab completes liability management transactionsJones Day represented Ecolab Inc., a global leader in water, hygiene, and infection prevention solutions and services, in connection with liability management transactions, including (i) a Rule 144A and Regulation S offering of $300 million aggregate principal amount of 2.750% Notes due 2055 (the “New Notes”) and (ii) an offer to exchange up to $500 million aggregate principal amount of its outstanding 5.500% Notes due 2041, 3.950% Notes due 2047, 3.700% Notes due 2046, and 4.800% Notes due 2030 for New Notes and cash.
  • Fortanix issues Convertible Promissory NotesJones Day advised Fortanix, Inc. in the issuance of $14.25 million aggregate principal amount of convertible promissory notes.
  • Koch leads investment in Upgrade at $3.4 billion valuationJones Day represented Koch Disruptive Technologies in connection with its investment in the Series E round of Upgrade, Inc. at a $3.4 billion pre-money valuation.
  • Cooper Tire & Rubber sold to The Goodyear Tire & Rubber Company for approximately $2.5 billion enterprise valueJones Day advised Cooper Tire & Rubber Company in its $2.5 billion sale to The Goodyear Tire & Rubber Company.
  • Funds managed by EagleTree Capital complete sale of Corsair Gaming Inc.’s Common Stock for $160 million in block tradeJones Day acted as legal counsel to funds managed by EagleTree Capital, LP in connection with the sale of Corsair Gaming Inc.’s Common Stock for aggregate consideration of $160 million in a block trade pursuant to Rule 144.
  • Bally's acquires Bet.Works for $125 million and announces strategic partnership with Sinclair BroadcastJones Day advised Bally's Corporation in its $125 million acquisition of Bet.Works, a U.S. based sports betting platform provider to operators in New Jersey, Iowa, Indiana, and Colorado, and a long-term strategic partnership with Sinclair Broadcast Group, Inc., pursuant to which 21 FOX RSN brands will be rebranded using the Bally’s name and Bally’s will integrate content into the 190 television stations that Sinclair owns, operates, or provides services to across 88 markets and sports networks.
  • Koch Strategic Platforms invests in Astranis Space Technologies valuing company at $1.4 billionJones Day represented Koch Strategic Platforms in connection with its participation in the $250 million Series C financing round of Astranis Space Technologies, a builder of small, low-cost telecommunications satellites to connect the four billion people who currently do not have access to the internet.
  • Fortino Capital invests in KaizoJones Day advised Fortino Capital Partners NV as lead investor in the Series Seed-2 Preferred Stock financing of Kaizo, Inc., which provides a unified, actionable and integrated workplace performance management platform for the world's largest remote-working population, customer support.
  • Verint Systems completes $315 million Convertible Notes offeringJones Day represented Verint Systems Inc., a provider of Actionable Intelligence® solutions and value-added services, in connection with an offering of $315 million aggregate principal amount of 0.25% Convertible Senior Notes due 2026.
  • National Fuel Gas completes $500 million Senior Notes offeringJones Day represented National Fuel Gas Company, a diversified energy company, in connection with its registered public offering of $500 million of 2.95% Senior Notes due 2031.
  • Funds managed by EagleTree Capital complete $301.9 million secondary follow-on offering by Corsair GamingJones Day acted as legal counsel to funds managed by EagleTree Capital, LP in Corsair Gaming Inc.’s secondary follow-on offering of $301.9 million.