FinServ Acquisition II registered with the SEC to raise $250 million through an offer of 25 million units at $10 each. Unerwriters have an over-allotment option on 8.75 million additional units.
The SPAC plans to target businesses in the FinTech and financial services industries with an equity value of approximately $500 million to $2.0 billion, with particular emphasis on businesses that are using technology to disrupt traditional financial services, asset management and related services.
FinServ II is led by CEO and director Lee Einbinder, who has over 30 years of experience as an M&A and capital markets advisor to financial services and FinTech companies. His previous SPAC signed an $833 million merger agreement last year with point-of-sale provider Katapult.
The new SPAC intends to list on the Nasdaq under FSRXU. Read more.
