Green Visor Financial Technology Acquisition I, a blank check company formed by Green Visor Capital targeting the fintech sector, raised $174 million by offering 17.4 million units at $10. The company offered 2.4 million more units than anticipated. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by CEO and Chairman Joe Saunders, Chairman and General Partner at fintech-focused venture firm Green Visor Capital. The company plans to leverage management's experience and target the fintech sector.
Green Visor Financial Technology Acquisition I plans to list on the Nasdaq under the symbol GVCIU. Mizuho Securities acted as sole bookrunner on the deal.
