LF Capital Acquisition, a blank check company targeting a business in the commercial banking or fintech industry, filed on Friday with the SEC to raise up to $135 million in an initial public offering.
The New York, NY-based company plans to offer 13.5 million units at a price of $10. At that price, LF Capital would command a market value of $169 million. Each unit consists of one share of common stock and one warrant exercisable at $11.50.
The New York, NY-based company was founded in 2017 and plans to list on the Nasdaq under the symbol LFACU. LF Capital Acquisition filed confidentially on November 2, 2017. B. Riley & Co. and Raymond James are the joint bookrunners on the deal. No pricing terms were disclosed.
