VPC Impact Acquisition Holdings (VIHAU) Prices $200M IPO

VPC Impact Acquisition Holdings announced the pricing of its $200 million IPO this evening and its units are expected to trade on the Nasdaq under the symbol “VIHAU” tomorrow, Wednesday, September 23.

This new company aims to combine with a fintech target of meaningful scale that promotes financial inclusion by lowering transaction costs. VPC Impact is led by Chairman and CEO John Martin, President and COO Gordon Watson, and CFO Olibia Stamatoglou.

Total SPAC deal count for 2020 year-to-date is now 108 with $41.5 billion in gross proceeds raised. This offering is expected to close on Friday, September 25.

Jefferies LLC is serving as the underwriter for the offering. White & Case LLP serve as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC, serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.