Home Plate Acquisition, a blank check company targeting high-growth fintech and Embedded Finance businesses, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The SPAC is led by CEO and Chairman Daniel Ciporin, a former General Partner at Canaan Partners, and CFO and Director Jonathan Rosenzweig, former Managing Director and Head of Americas Equity Research at Citi.
The New York, NY-based company plans to list on the Nasdaq under the symbol HPLTU. Jefferies acted as sole bookrunner on the deal.
