QDRO Acquisition, a blank check company targeting the financial services sector, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50.
QDRO Acquisition is led by CEO and Director Michael Fox-Rabinovitz, who serves as CIO and Partner at Chartwell Capital, and CFO Paul Sykes, who serves as CFO of Apex Treasury.
The SPAC plans to target suitable investment opportunities within the financial services and digital currency and technology sectors. It notes that legacy financial firms, including large ETF issuers, may benefit from its executives' experience introducing large and growing customer bases in order to generate greater future value.
QDRO Acquisition plans to list on the Nasdaq under the symbol QADRU. Cantor Fitzgerald acted as sole bookrunner on the deal.
