other material
confidence high
sentiment neutral
materiality 0.60
InFinT Acquisition Corp. closes IPO of 19,999,880 units at $10.00, raising ~$200M; trust account holds ~$203M
Currenc Group Inc.
- 19,999,880 units sold at $10.00 per unit, generating $199,998,880 gross from IPO.
- Overallotment of 2,608,680 units exercised; additional 764,262 private warrants sold at $1.00 each.
- Total gross proceeds from IPO and private placement: $207,795,642; $202,998,782 placed in trust account.
- Working capital at close: $2,083,715 cash; trust balance $202,998,782 per audited balance sheet.
- Trust account holds $202,998,782 ($10.15 per public share); business combination deadline 12 months from close.