Portage Fintech Acquisition priced its IPO of 24 million units at $10 each, up from the $20 million units initiall registered in June.
Units begin listing today on the Nasdaq under PFTAU. Each consists of one Class A ordinary share and one-third of one redeemable warrant. Once the units begin separate trading, shares and warrants will list under PFTA and PFTAW.
The offering is expected to close July 23.
Portage Fintech is led by:
- Chairman Steve Freiberg, former CEO of Etrade and co-chairman and CEO of Citigroup’s Global Consumer Group, current board vice chair of SoFi and board member of MasterCard.
- CEO and Director Adam Felesky, co-founder and CEO of Portage Ventures.
- CFO, COO and Director Ajay Chowdhery, former vice president of corporate development at Visa.
The SPAC will target key verticals such as Wealth and Asset Management, Consumer and SME Finance, Insurance, Payments, Information Services and FinTech Infrastructure. Read more.
