CF Finance Acquisition III, a third blank check company formed by Cantor Fitzgerald, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering.
The New York, NY-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable $11.50. The sponsor has agreed to purchase $5 million of units in a concurrent private placement. At the proposed price, CF Finance Acquisition III would command a market value of $255 million.
The company is led by CEO and Chairman Howard Lutnick, the CEO and Chairman of Cantor President Anshu Jain, the President of Cantor; and CFO Paul Pion, the US Chief Administrative Officer and Senior Managing Director of Cantor Fitzgerald & Co. While the company has not selected a target industry or geography,