VPC Impact Acquisition Holdings III (VPCCU) Prices $225M IPO

VPC Impact Acquisition Holdings III announced the pricing of its $225 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VPCCU,” Friday, March 5.

The new company aims to combine with a fintech target valued between $800 million and $3 billion with operations largely within the US. VPC Impact II is led by Co-CEOs Brendan Carroll and Gordon Watson, CFO Carly Altieri and Chairman John Martin.

Total SPAC deal count for 2021 year-to-date is now 220. This offering is expected to close on Tuesday, March 9.

Citigroup Global Markets Inc. and Jefferies LLC are serving as book-running managers for this offering. White & Case LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.