FG New America Acquisition II registered with the SEC to offer 22.5 million units at $10 each.
The new SPAC in the filing said it will target a business in the financial services and insurance industry with an enterprise value of approximately $500 million to $2 billion, with particular emphasis on FinTech and InsureTech companies.
FG New America II is led by Chairman and Director Joseph Moglia, the former CEO and chairman of TD Ameritrade, chairman of Fundamental Global Investors and Capital Wealth Advisors and Chair of Athletics and Executive Advisor to the president at Coastal Carolina University.
His previous SPAC reached a merger agreement earlier this month with consumer fintech Opportunity Financial at an $800 million valuation
FG New America II intends to list on the NYSE under FGNB.U. Read more.
