Perkins Coie Recognized by Marine Money for 2021 Deal of the Year for Ardmore Shipping Corporation

SEATTLE and PORTLAND (April 20, 2022)—Perkins Coie is pleased to announce that it has been recognized by Marine Money for a 2021 "Deal of the Year" for its representation of public company Ardmore Shipping Corporation in its strategic investment in hydrogen generator developer, Element 1 Corp., establishment of the e1 Marine joint venture, and a $40 million preferred stock financing.

Marine Money's annual Ship Finance "Deals of the Year" Awards recognize the shipping companies and their legal firms, banks, and financial advisors that execute exceptional transactions. The criteria for selection include "value creation for stakeholders, creativity, overcoming execution challenges and innovation."

The Perkins Coie deal team that counselled Ardmore was led by partners David Matheson, Joe Bailey, Marcelo Halpern, and former Perkins Coie partner Raj Gangadean, and included partners Carl Crow, Jim Gradel, and Jesse Kanach, and associates Angie Burcham, Christian Carlson, Michael Hemes. For more information on the deal, please see the firm's press release.

The Perkins Coie deal team will be further recognized and acknowledged during Marine Money Week at The Pierre Hotel in New York on June 21-23.