EJF Acquisition Corp. (EJFAU) Prices $250M IPO

SPAC pricing

EJF Acquisition Corp. (EJFAU) Prices $250M IPO

Feb 24, 2021 IPOs by Matt Cianci

EJF Acquisition Corp. announced the pricing of its $250 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “EJFAU,” on Thursday, February 25.

EJF Acquisition Corp. aims to combine with a business in the financial services companies with products, services and technologies that support, enable or compete in the regulated and unregulated sectors. They intend on identifying a business with an equity value of at least $1 billion. The new company is led by Chairman Emanuel J. Friedman, CEO Kevin Stein, and CFO Thomas Mayrhofer.

Total SPAC deal count for 2021 year-to-date is now 174. This offering is expected to close on Monday, March 1.

UBS Investment Bank and Barclays are acting as joint book-running managers for the offering.  Simpson Thacher & Bartlett LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.