ExcelFin Acquisition priced its IPO of 20 million units at $10 per unit.
The units begin trading today on the Nasdaq under XFINU. Each consists of one share of Class A common stock and one-half of a warrant. After the securities begin separate trading, shares and warrants are expected to list under XFIN and XFINW.
The new SPAC is focused on the fintech sector.
The underwriters have an option to purchase up to an additional 3 million units.
The offering is expected to close Oct. 25.
UBS is sole book-running manager of the offering. Exos and KeyBanc are co-managers. Read more.
