InFinT Acquisition Lowers Deal Size by 14% Ahead of $150M IPO


InFinT Acquisition in an amended S-1 disclosed it now plans to offer 15 million units, down from the 17.5 million cited in the SPAC’s initial registration in May.

A unit still consists of one Class A ordinary share and one-half of a 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. 

E.F. Hutton is managing the offering.

The SPAC has applied to list on the NYSE under IFIN.U. Read more.

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