Inactive Instrument

Financials Acquisition Corp

FINS

KYG3439B1032

Financials Acquisition seeks new deadline for insurance deal

June 21, 2023 at 02:22 pm

Financials Acquisition Corp - Special purpose acquisition company focused on insurance technology - Plans extraordinary general meeting to extend deadline for a business combination opportunity. Says business combination would involve raising additional capital and becoming a listed operating company, deploying funds into the Lloyds of London insurance market for reinvestment purposes. Notes there is no certainty over transaction being completed. Says it expects EGM to be held on July 10. Seeks to raise substantial funds beyond existing amounts held in escrow to support the transaction.

Current stock price: 1,040.00 pence

12-month change: up 5.6%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Financials Acquisition Corp

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Financials Acquisition Corp Reports Earnings Results for the Half Year Ended June 30, 2023	29/09/23	CI
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Financials Acquisition Corp Forms Lloyd's of London Insurance Vehicle	08/09/23	MT
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Financials Acquisitions extends deadline for business combination	11/07/23	AN
Financials Acquisition seeks business combination deadline extension	23/06/23	AN
Financials Acquisition seeks new deadline for insurance deal	21/06/23	AN
Financials Acquisition Corp SPAC seeks extra time for insurance deal	21/06/23	RE
UK Stocks-Factors to watch on June 21	21/06/23	RE
Financials Acquisition to Launch New GBP1 Billion Pure-play Insurance Vehicle	21/06/23	MT
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Financials Acquisition Corp Reports Earnings Results for the Sixteen Months Ended December 31, 2022	28/04/23	CI
Financials Acquisition Corp Reports Earnings Results for the Sixteen Months Ended December 31, 2022	28/04/23	CI

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Company Profile

Financials Acquisition Corp. is a special purpose acquisition company focused on insurance technology. The Company intends to target a business combination with tech-enabled insurers that are approaching sufficient scale and maturity to debut on public markets.

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Investment Holding Companies

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