InFinT Acquisition registered with the SEC today to offer 17.5 million units at $10 each. A unit consists of one Class A ordinary share and one-half of one redeemable warrant; whole warrants exercisable for a share at $11.50.
Within the fintech space, the SPAC said it will pursue companies serving five sub-sectors: Banking & Payments, Capital Markets, Data & Analytics, Insurance and Investment Management.
InFinT is led by CEO and Director Alexander Edgarov, who is a a sponsor investor and senior advisor to Edoc Acquisition, a healthcare SPAC. Previously he was a venture partner with New Margin Capital, a VC fund in China.
The SPAC said it has applied for a listing on the NYSE under IFIN.U. Read more.
