Megalith Financial Prices $150 Million SPAC


Megalith Financial Prices $150 Million SPAC

Aug 24, 2018 INTEL by Kristi Marvin

Megalith Financial Acquisition Corp. announced the pricing of their $150 million SPAC last night and the unit will begin trading on the NYSE this morning under the symbol MFAC.U.

Megalith, which intends to focus on financial services and fintech companies, is being led by Jay Sidhu, as Executive Chairman, and Samvir Sidhu, as CEO.

Total 2018 deal count is now 30 SPACs with $7.065 billion in total gross proceeds raised.

Congratulations to all.

Chardan is acting as sole book running manager in the offering.  BTIG, LLC is acting as lead manager and Northland Capital Markets and I-Bankers Securities, Inc. are acting as co-managers in the offering.