SK Square and SK Telecom Innovation Fund’s sale of shares in id Quntique SA

On February 24, 2025, SK Square Co., Ltd. and SK Telecom Innovation Fund, L.P. executed a Share Purchase Agreement with IonQ, Inc. for the share swap of id Quntique SA shares held by SK Square Co., Ltd. and SK Telecom Innovation Fund, L.P. (74.77%) and newly issued shares of IonQ, Inc.

Despite the highly time-sensitive nature of the transaction, Lee & Ko’s strategic legal advice and swift execution enabled the successful and timely completion of the deal. As the lead counsel, Lee & Ko advised on revision and negotiation of Share Purchase Agreement and other ancillary agreements effectively and timely. Lee & Ko not only ensured seamless compliance with key Korean regulatory requirements, including merger filing and foreign exchange reporting, but also worked closely with Swiss and U.S. counsel to comprehensively analyze and resolve various legal issues under Swiss and U.S. law. This transaction highlights Lee & Ko’s leadership in global M&A transactions, its ability to execute deals efficiently under time constraints, and its strong capability in collaborating with top-tier international law firms to ensure a smooth and successful deal execution.