Newsletter Subscription

A Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

INFINT Acquisition Corporation Announces Pricing of Upsized $173,912,000 Initial Public Offering

By: INFINT Acquisition Corporation via Business Wire

November 19, 2021 at 07:00 AM EST

INFINT Acquisition Corporation (the “Company”) announced today that it priced its initial public offering of $173.9 million, consisting of 17,391,200 units at $10.00 per unit. The units will be listed on the New York Stock Exchange (“NYSE”) and are expected to begin trading today, Friday, November 19, 2021, under the ticker symbol “IFIN.U”. Each unit consists of one of the Company’s Class A ordinary shares and one-half of one redeemable warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols “IFIN” and “IFIN.WS” respectively.

The Company is a blank check company formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus on the financial software and information services companies operating at the intersection of the financial and business services sectors (“financial technology”). The Company is led by its Chief Executive Officer, Sasha Edgarov.

EF Hutton, division of Benchmark Investments, LLC, is acting as lead book-running manager and Jones Trading Institutional Services is acting as joint book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,608,680 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on November 22, 2021, subject to customary closing conditions.

The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from EF Hutton, division of Benchmark Investments, LLC, Attn: Syndicate Department, 590 Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212) 404-7002, by fax at (646) 861-4697, or by email at syndicate@efhuttongroup.com.

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission (the “SEC”) on November 18, 2021, and a registration statement on Form S-1MEF (File No. 333-261199), was filed with the SEC on the same date and became effective upon filing. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211119005379/en/

Contacts

INFINT Acquisition Corporation

32 Broadway, Suite 401

New York, NY 10004

Sasha Edgarov

Chief Executive Officer

sasha@infintspac.com

(212) 287-5010

About Us

Laser Focus World Membership

Magazine Subscription

Newsletter Subscription

The Daily Beam

Product Watch

Bio & Life Sciences Product Watch

Laser Processing Product Watch

Get Published!

Photonics Hot List

Following the Photons: A Photonics Podcast

Social Media

Meet the Laser Focus World Team

Editorial

Sales

Editorial Advisory Board

INFINT Acquisition Corporation Announces Pricing of Upsized $173,912,000 Initial Public Offering

Contacts

More News