NEW YORK, Dec. 12, 2018 /PRNewswire/ -- CF Finance
Acquisition Corp. (Nasdaq: CFFAU, the "Company") announced today
that it priced its initial public offering of 25,000,000 units at
$10.00 per unit. The units are
expected to be listed on the Nasdaq Capital Market ("Nasdaq") and
trade under the symbol "CFFAU" beginning tomorrow, December 13, 2018. Each unit consists of one
share of Class A common stock and three-quarters of one warrant.
Each whole warrant is exercisable to purchase one share of Class A
common stock at a price of $11.50 per
share. Only whole warrants are exercisable. Once the securities
comprising the units begin separate trading, the Class A common
stock and warrants are expected to be listed on the NASDAQ under
the symbols "CFFA" and "CFFAW," respectively.
The underwriters have been granted a 45-day option to purchase
up to an additional 3,750,000 units offered by the Company to cover
over-allotments, if any.
The offering is expected to close on December 17, 2018, subject to customary closing
conditions.
Cantor Fitzgerald & Co. is acting as the sole book running
manager for the offering.
About CF Finance Acquisition Corp.
CF Finance Acquisition Corp. is a newly organized blank check
company formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. The
Company's efforts to identify a prospective target business will
not be limited to a particular industry or geographic region, but
the Company intends to focus on prospective target companies in the
financial services or real estate services industries. CF Finance
Acquisition Corp. is led by Chairman and Chief Executive Officer
Howard W.
Lutnick.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
December 12, 2018. The offering is
being made only by means of a prospectus, copies of which may be
obtained by contacting Cantor Fitzgerald & Co., Attention:
Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022;
Email: prospectus@cantor.com. Copies of the registration
statement can be accessed through the SEC's website
at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Forward Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, including the successful consummation of the Company's
initial public offering, are subject to risks and uncertainties,
which could cause actual results to differ from the forward looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
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SOURCE CF Finance Acquisition Corp.