- VPC Impact Acquisition Holdings III (VPCCU) priced its 22.5M units IPO at $10/unit; units to be listed on Nasdaq under the symbol, 'VPCBU' commencing today.
- Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant; warrant holder to purchase one Class A ordinary share at $11.5/share.
- Underwriters granted 45-day option to purchase up to an additional 3.38M units.
- The company seeks a business combination with a global high-growth business in the Fintech industry with operations predominantly outside of the U.S. and an enterprise value of ~$800M to $3B.
- It is led by Chairman John Martin (former executive chairman & CEO of Gilead Sciences), co-CEO Brendan Carroll and Gordon Watson, and CFO Carly Altieri
- Offer expected to close on Mar.9.