South Mountain Merger, a blank check company led by former CardConnect executives and focused on the fintech industry, raised $225 million by offering 22.5 million shares at $10. The company had originally filed to raise $200 million. Each unit consists of one share of the company's Class A common stock and one half of one warrant; whole warrants are exercisable at $11.50 per share. South Mountain Merger plans to list on the Nasdaq under the symbol SMMCU. Citi acted as a lead manager on the deal.
