Figure Acquisition I, a new SPAC launched by Michael Cagney, founder of blockchain lending startup Figure Technologies and former SoFi CEO, registered with the SEC to offer 25 million units at $10 each.
The SPAC’s focus is on in the financial technology and financial services sector.
The SPAC is led by Chairman Cagney, who has served as Figure’s CEO since its inception in March 2018. From 2011 to 2017, Cagney was CEO and chairman of consumer lending platform SoFi.
The SPAC plans to list on the NYSE under FACA.U. Read more.
