CF Acquisition Corp. V (CFFVU) Prices $250M IPO

SPAC pricing

CF Acquisition Corp. V (CFFVU) Prices $250M IPO

CF Acquisition Corp. V announced the pricing of its $250 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “CFFVU” Thursday, January 28.

The new company aims to combine with a healthcare or technology business that can be grown both organically and through strategic transactions. CF V is led by Chairman and CEO Howard W. Lutnick, President Anshu Jain and CFO Alice Chan.

Total SPAC deal count for 2021 year-to-date is now 84 with $23.6 billion in gross proceeds raised. This offering is expected to close on Tuesday, February 2.

Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.