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Victory Park Capital's fintech SPAC VPC Impact Acquisition files for a $200 million IPO

September 5, 2020

VPC Impact Acquisition Holdings, a blank check company formed by Victory Park Capital to acquire a fintech business, filed on Friday with the SEC to raise up to $200 million in an initial public offering.

The Chicago, IL-based company plans to raise $200 million by offering 20 million units at a price of $10. Each unit consists of one ordinary share and one-half of one redeemable warrant, exercisable at $11.50. At the proposed deal size, VPC Impact Acquisition would command a market value of $250 million.

The SPAC is led by Chairman and CEO John Martin, a Senior Partner at Victory Park Capital; Martin previously served as co-CEO of Antares Capital.

The SPAC was founded in 2020 and plans to list on the Nasdaq under the symbol VIHU. VPC Impact Acquisition filed confidentially on August 7, 2020. Jefferies is the sole bookrunner on the deal.