The new SPAC intends to focus on digital financial services and financial technology (“fintech”) businesses with exposure to emerging markets. Newcourt is led by Chairman Michael Jordaan, CEO Marc Balkin, and CFO Daniel Rogers.
Total SPAC deal count for 2021 year-to-date is now 478. This offering is expected to close on Friday, October 22.
Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering. Cohen & Company Capital Markets (a division of J.V.B. Financial, LLC) is acting as an advisor to the Company. Reed Smith LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Citrin Cooperman & Company, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.