InFinT Acquisition priced its IPO of 17.39 million units at $10 each. Although an upsize from the 15 million units listed last month in the SPAC’s amended S-1, the initial registration in May was for 17.5 million units.
The units began trading today on the NYSE under IFIN.U. Each consists of one share and one-half of a warrant.
The SPAC intends to focus on the financial software and information services companies operating at the intersection of fintech.
EF Hutton, is lead book-running manager and Jones Trading Institutional Services is joint book-running manager for the offering. The underwriters may opt to purchase up to an additional 2.6 million units to cover over-allotments, if any.
The offering is expected to close Nov. 22. Read more.
