Netfin Acquisition, a blank check company targeting a fintech business in an emerging market, raised $220 million by offering 22 million units at $10. Each unit consists of one share of common stock and one warrant which can be used to purchase a share of stock at $11.50 per share.
Netfin Acquisition plans to list on the Nasdaq under the symbol NFINU. B. Riley FBR acted as lead manager on the deal.
