Megalith Financial Acquisition, a blank check company formed to acquire a financial services business, announced terms for its IPO on Friday. The New York, NY-based company plans to raise $150 million by offering 15 million units for $10 each. At that price, Megalith Financial Acquisition would command a market value of $188 million.
The New York, NY-based company was founded in 2017 and plans to list on the NYSE under the symbol MFACU. Megalith Financial Acquisition filed confidentially on December 22, 2017. Chardan Capital Markets is the sole bookrunner on the deal. No pricing terms were disclosed.
