CF Acquisition VIII priced its upsized IPO of 22 million units at $10 each — an increase of 2 million more units than expected.
Units start trading today on the Nasdaq under CFFEU. Each consists of one share of Class A common stock and one-fourth of one warrant. Whole warrants are exercisable to purchase a share of Class A common stock at $11.50. Once the securities comprising the units begin separate trading, stock and warrants are expected to list under CFFE” and “CFFEW,” respectively.
The underwriters have been granted a 45-day option to purchase up to an additional 3.3 million units to cover any over-allotments.
The offering is expected to close March 16.
CF VIII will target businesses in the financial services, healthcare, real estate services, technology, and software industries. Read more.
