Newcourt Acquisition priced its upsized IPO of 22 million units at $10 each, an increase of 10% from the 20 million units initially registered with the SEC in March.
Units begin trading today on Nasdaq under NCACU. Each consists of one Class A ordinary share and one-half of a warrant. Once the units begin separate trading, shares and warrants are expected to list under NCAC and NCACW.
The offering is expected to close Oct. 22.
The SPAC’s focus is on digital financial services and fintech businesses with exposure to emerging markets.
Cantor is sole book-running manager for the offering. Cohen & Company is an advisor to the company. The underwriters have an option to purchase up to an additional 3.3 million units to cover any over-allotments. Read more.
