FIGX Capital Acquisition, a blank check company targeting the "financial industry group" sector, raised $131 million by offering 13.1 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
FIGX Capital Acquisition is led by CEO and Chairman Lou Gerken, the founder of Gerken Capital Associates, an alternative asset fund management firm focused on emerging markets. The SPAC plans to target the financial industry group (FIG Sector), with a focus on differentiated private wealth/asset managers positioned to become multi-asset fund managers with diversified distribution channels and global market presence.
FIGX Capital Acquisition plans to list on the Nasdaq under the symbol FIGXU. Cantor Fitzgerald acted as sole bookrunner on the deal.
