ExcelFin Acquisition registered to offer 20 million units at $10 each. A unit consists of one share of our Class A common stock and one-half of one redeemable warrant.
The new SPAC is focused on the fintech sector.
ExcelFin is led by Chairwoman Jennifer Hill, who currently serves on the board of Cantor Fitzgerald Europe, as a strategic advisor at Talos Trading, non-executive director at Santander Asset Management, board member at Melqart Asset Management and at La Crosse Milling Company. Hill is also the founder and CEO of Murphy Hill Consulting
UBS is sole book-running manager. Exos and KeyBanc are co-managers of the offering. The underwriters have an option to purchase up to an additional 3 million units to cover over-allotments, if any.
The SPAc intends to apply for a Nasdaq listing under XFINU. Read more.
