Reverence Acquisition today registered with the SEC to offer 30 million units at $10 each. A unit consists of one Class A ordinary share and one-third of one redeemable warrant. Whole warrants will be exercisable at $11.50 for one share.
The SPAC intends to target fintech companies and financial services businesses.
Reverence Acquisition is led by Chairman and CEO Milton Berlinski, who co-founded Reverence Capital in 2013 after a 26-year career at Goldman Sachs, where he served as a founding member of the Financial Institutions Group in Investment Banking.
The SPAC plans to apply for a Nasdaq listing under RCPIU. Read more.
