IPO for SPAC Quantum FinTech Acquisition Corp (QFTA) Opens at $10.32

February 5, 2021 9:42 AM EST

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Today's IPO for SPAC Quantum FinTech Acquisition Corporation (NYSE: QFTA) (NYSE: QFTA-U) opened for trading at $10.32 after pricing 17,500,000 units at $10.00 per unit.

Chardan acted as sole book running manager in the offering.

Quantum FinTech Acquisition Corporation is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses. While the Company may pursue an initial business combination in any region or sector, it intends to focus its efforts on identifying high-growth financial services and FinTech businesses as targets for its initial business combination.

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Chardan Capital Markets, Definitive Agreement, IPO