CF Acquisition A, the ninth blank check company formed by Cantor Fitzgerald, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The New York, NY-based company plans to raise $100 million by offering 10 million shares at $10. The offering does not contain warrants. At the proposed deal size, CF Acquisition A would command a market value of $128 million.
The SPAC is led by CEO and Chairman Howard Lutnick, the CEO and Chairman of Cantor. He is joined by CFO Jane Novak, the Global Head of Accounting Policy at Cantor. It plans to leverage management's experience to target businesses in the financial services, healthcare, real estate services, technology, and software industries.
Cantor has backed several past SPACs. The most recent include CF Acquisition VII (CFFSU), which went public in late 2021 and is still searching for a target; and CF Acquisition VIII, which merged with process automation firm XBP Europe (Nasdaq: XBP; -88% from $10 offer price) in November 2023.
CF Acquisition A was founded in 2020 and plans to list on the Nasdaq under the symbol CFFA. The company filed confidentially on June 29, 2021. Cantor Fitzgerald is the sole bookrunner on the deal.
