Megalith Financial Acquisition, a blank check company formed to acquire a financial services business, is expected to price during the week of August 20, 2018.
The New York, NY-based company plans to raise $150 million by offering 15 million units at a price of $10. Each units will consist of one share of common stock and one warrant to purchase on share of common stock at $11.50. At $10, Megalith Financial Acquisition would command a market value of $188 million.
Megalith Financial Acquisition was founded in 2017 and plans to list on the NYSE under the symbol MFACU. Chardan Capital Markets is the sole bookrunner on the deal.
