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Lefteris Acquisition Priced, Nasdaq: LFTRU

Blank check company formed by co-founder of Vestigo Ventures and a former E*TRADE executive targeting fintech.

Industry: SPAC

Latest Trade: $10.04 0.00 (0.0%)

First Day Return: -1.2%

Return from IPO: +0.4%

Industry: SPAC

We are a newly formed blank check company. We currently intend to concentrate our efforts identifying businesses in the financial services industry with an enterprise value of approximately $600 million to $1.3 billion, with particular emphasis on businesses that are providing or changing technology for traditional financial services, regulatory and compliance functions, insurance services, wealth and asset management and human resource and payroll functions. We believe the creation, delivery and servicing of financial products and related services for consumers and businesses is undergoing continuous evolution, which will further and dramatically develop in the years ahead. Amid an increased level of sophistication in financial technology and services, we believe that there are many potential targets within the financial services industry that could become attractive public companies, and that many other potential targets will continue to emerge. These potential targets exhibit a diverse range of business models and growth characteristics, ranging from high-growth companies to established firms with stable revenues and strong cash flow. We believe our management team is well-positioned to capitalize on these trends and to identify, acquire, and manage a business in the financial services industry that can benefit from their operational, strategic, managerial and transaction experience, as well as their differentiated networks.
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IPO News for Lefteris Acquisition
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IPO Data
IPO File Date 10/02/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/20/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Boston, MA
Founded 2020
Employees 5