Fintech-Focused Whale Point Acquisition Files for $150M IPO

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.

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