Newcourt Acquisition registered with the SEC to offer 20 million units at $10 each, with a unit consisting of one Class A ordinary share and one-third of one redeemable warrant. Whole warrants will be exercisable for a share at $11.50.
The SPAC plans to target digital financial services and fintech businesses with exposure to emerging markets.
Newcourt is led by Chairman Dr. Michael Jordaan, a founder and since 2014 CEO of Montegray Capital, a venture capital firm invested in 25 tech-focused businesses around the world.
The SPAC has applied for a Nasdaq listing under NCACU. Read more.
