The new company aims to combine with a leading fintech or payments technology target valued between $1 billion and $5 billion. Independence is led by Co-Chairmen Steven J. McLaughlin and Eugene Yoon alongside CEO John Lawrence Furlong and CFO Jaskaran Heir.
Total SPAC deal count for 2021 year-to-date is now 232. This offering is expected to close on Thursday, March 11.
Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. acted as the joint book running managers for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.