Walkers advises SC Health Corporation in its merger with Rockley Photonics and NYSE Listing

Walkers acted as Cayman Islands counsel to SC Health Corporation in its merger with Rockley Photonics, Ltd., a leading global silicon photonics technology company. The combined company has retained the name Rockley Photonics Ltd. With the completion of the merger, Rockley Photonics Ltd. commenced trading on the New York Stock Exchange under the new ticker symbol “RKLY” on 12 August. The deal was first approved by SC Health’s shareholders and later by the High Court of Justice of England and Wales under the Scheme of Arrangement.

SC Health Corporation is a publicly traded SPAC incorporated in the Cayman Islands, backed by an affiliate of Singapore-based investment firm SIN Capital. Rockley is a leading integrated photonics chipset developer and module supplier for high-volume sensor and communication products formed in 2013 and led by Dr. Andrew Rickman, founder of the first commercial silicon photonics company, Bookham Technology.

The Walkers team is led by Singapore-based partner James Twigg, with support from senior associate Michael Kenny. Other legal advisors include Ropes & Gray LLP, Pillsbury Winthrop Shaw Pittman LLP and Travers Thorp Alberga.