Whale Point Acquisition reistered with the SEC to offer 15 million units, each consisting of one share and half a warrant. Whole warrants would be redeemable at the customary $11.50 for a share.
The SPAC’s merger focus is on BankTech, PropTech, InsurTech and other technology-enabled platforms serving the financial services industry.
Whale Point is led by CEO Denny Kim, founder of Whale Point Capital, a newly established independent sponsor firm focused on providing growth capital to financial services companies. Since 2020, he has served as a member of the board of directors of Sterling Bancorp.
BTIG is sole bookrunner on the deal.
The SPAC intends to apply for a Nasdaq listing under the symbol WPAU. Read more.
