Marlin Technology Corporation (FINMU) Prices Upsized $360M IPO


Marlin Technology Corporation (FINMU) Prices Upsized $360M IPO

Marlin Technology Corporation announced the pricing of its upsized $360 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “FINMU” Wednesday, January 13.

The new company aims to combine with a technology business that generates recurring revenue and is valued at $1.5 billion to $3 billion. Marlin is led by Chairman Pete Spasov, CEO Nick Kaiser and CFO Michael Nutting.

Total SPAC deal count for 2021 year-to-date is now 38 with $9.95 billion in gross proceeds raised. This offering is expected to close on Friday, January 15.

UBS Securities LLC and Jefferies LLC are serving as joint book-running managers for this offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.