Avalon Acquisition filed with the SEC to offer 20 million units at $10 each.
The new SPAC is focused on fintech companies.
Avalon is led by Executive Chairman Donald Putnam, who founded Grail Partners, a private investment and M&A advisory firm focused on financial services. Prior to Grail, he founded Putnam Lovell Securities, an investment banking firm, in 1987, and led the firm as CEO and Chairman.
The SPAC has applied to list on the Nasdaq under AVACU. Read more.
