We are delighted to have supported Financials Acquisition Corp on its admission to the Main Market of the London Stock Exchange.
The company has raised gross proceeds of £150,000,000 by way of a placing of 15,450,000 ordinary shares and 7,500,000 whole warrants, at an issue price of 10 pounds per share.
Financials Acquisition is a special purpose acquisition company focused on insurance technology. It will target a business combination with tech-enabled insurers that are approaching “sufficient scale and maturity” to debut on public markets, paying special attention to companies operating in the UK and across Europe.
“The Capital Markets team at PKF had the knowledge and experience to assist on our successful listing and placing on the LSE Main Market. We appreciated their professional approach and support throughout the transaction. This is a landmark for the Company and we look forward to identifying a business combination in the future.”
William Allen, Chief Executive Officer | Financials Acquisition Corp
PKF acted as reporting accountant on the transaction and the Capital Markets team included Joseph Baulf, Mark Ling, Abigail Williams and Jack Devlin.