CF Finance Acquisition Corp. announced a private placement of 600,000 units at the price of $10 per share for gross proceeds of $6,000,000 on January 17, 2018. Each unit will consist of one class A common share and one warrant exercisable at a price of $11.50 per share. If the Company does not complete a Business Combination within the Combination Period, the warrants included in the Private Placement Units will expire worthless. The warrants will be non-redeemable and exercisable on a cashless basis so long as they are held by the investor or its permitted transferees. The warrants will expire in five years after the completion of the company’s business combination or earlier upon redemption or liquidation. The transaction will close simultaneously with the closing of public offering. The company will issue securities pursuant to exemption provided in Section 4(a)(2) of the Securities Act.