EJF Acquisition Corp. aims to combine with a business in the financial services companies with products, services and technologies that support, enable or compete in the regulated and unregulated sectors. They intend on identifying a business with an equity value of at least $1 billion. The new company is led by Chairman Emanuel J. Friedman, CEO Kevin Stein, and CFO Thomas Mayrhofer.
Total SPAC deal count for 2021 year-to-date is now 174. This offering is expected to close on Monday, March 1.
UBS Investment Bank and Barclays are acting as joint book-running managers for the offering. Simpson Thacher & Bartlett LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.