Fintech SPAC South Mountain Merger prices upsized IPO at $10

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South Mountain Merger, a blank check company led by former CardConnect executives and focused on the fintech industry, raised $225 million by offering 22.5 million shares at $10. The company had originally filed to raise $200 million. Each unit consists of one share of the company's Class A common stock and one half of one warrant; whole warrants are exercisable at $11.50 per share. South Mountain Merger plans to list on the Nasdaq under the symbol SMMCU. Citi acted as a lead manager on the deal.

The article Fintech SPAC South Mountain Merger prices upsized IPO at $10 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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