Gordon Pointe Acquisition, a blank check company focused on acquiring a business in the FinTech sector, announced terms for its IPO on Friday. The Naples, FL-based company plans to raise $125 million by offering 12.5 million for $10 each. At that price, Gordon Pointe Acquisition would command a market value of $156 million.
Gordon Pointe Acquisition was founded in 2017 and plans to list on the Nasdaq under the symbol GPAQU. B. Riley FBR is the sole bookrunner on the deal. No pricing date has been set.
