Financial Strategies Acquisition, a blank check company targeting the fintech and financial services industrie, raised $87 million by offering 8.7 million units at $10. Each unit consists of one share of common stock, one right to receive one-tenth of a share upon the consummation of an initial business combination, and one warrant, exercisable at $11.50.
The company is led by CEO and Director Jamie Khurshid, a co-founder of Digital RFQ, a leading European digital asset execution service, and Chairman Jeffrey Peel, who runs his own advisory firm, Quadriga Consulting. The company plans to target the fintech and financial services industries, focusing on businesses with equity values between $300 million and $500 million.
Financial Strategies Acquisition plans to list on the Nasdaq under the symbol FXCOU. I-Bankers Securities acted as sole bookrunner on the deal.
