CFFA IPO News – Cantor’s SPAC CF Acquisition for $100 Million IPO

CF Acquisition A, the ninth blank check company founded by Cantor Fitzgerald, filed with the SEC on Friday to raise up to $100 million in an initial public offering.

The New York-based company plans to raise $100 million by offering 10 million shares at $10 each. The offer does not include warrants. At the proposed transaction size, the market value of the CF A acquisition would be $128 million.

The SPAC is run by CEO and President Howard Lutnick, CEO and president of Cantor. She joins him Chief Financial Officer Jane Novak, Global Director of Accounting Policy at Cantor. It plans to leverage management’s experience to target companies in the financial services, healthcare, real estate services, technology and software industries.

Cantor has backed several previous SPACs. The newest ones include: Takeover of CF VII (CFFSU), which went public in late 2021 and is still looking for a target; and CF Acquisition VIII, which merged with a process automation company XBP Europe (Nasdaq: XBP; -88% from $10 offer price) in November 2023.

CF Acquisition A was founded in 2020 and plans to list on the Nasdaq under the symbol CFFA. The company filed confidentially on June 29, 2021. Cantor Fitzgerald is the sole bookrunner for this transaction.