JOFF Fintech Acquisition Corp.
JOFFW
NASDAQ Capital Market0.00
USD
- -
- -
CIK
0001824149
Return %
Stock
S&P500
1Y
-99.95
18.21
3Y
-99.98
63.29
5Y
-99.98
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Joel Leonoff
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1345 Avenue of the Americas New York City NY United States of America
- IPO Date
- Mar 29, 2021
- CIK
- 0001824149
- Similar Companies
- Business
- JOFF Fintech Acquisition Corp JOFF Fintech Acquisition Corp operates as a blank check company whose sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, primarily targeting companies in the financial technology sector with enterprise values between approximately $700 million and $2 billion. Incorporated in Delaware in 2020 and headquartered at c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, New York, the company offers no operating products or services beyond its standard SPAC structure, which includes Class A common stock, redeemable warrants and units comprising one share of Class A common stock and one-third of a redeemable warrant. JOFF Fintech Acquisition Corp completed its initial public offering in February 2021, raising $360 million in gross proceeds through 36 million units priced at $10 each, underwritten by RBC Capital Markets; separate trading of its Class A common stock (JOFF) and warrants (JOFFW) commenced in March 2021. In December 2022, following the failure to identify and complete a suitable business combination transaction within the mandated 24-month period, shareholders approved a charter amendment authorizing the early liquidation of the company, resulting in the redemption of all outstanding public shares at a price determined by the trust account balance net of taxes, shared cash savings and dissolution expenses, suspension of trading on Nasdaq effective December 14, 2022, delisting of its securities and cancellation of public shares, with redeemable warrants expiring worthless; the company is listed as liquidated with no subsequent business combinations, operations or material developments reported.