Portage Fintech Acquisition Corp. (PFTAU) Prices Upsized $240M IPO

Portage Fintech Acquisition Corp. announced the pricing of its upsized $240 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “PFTAU” Wednesday, July 21.

The new SPAC aims to combine with a fintech target based in the United States, Western Europe, or Canada that has a committed management team. Portage Fintech is led by CEO Adam Felesky, as well as CFO and COO Ajay Chowdhery.

Total SPAC deal count for 2021 year-to-date is now 378. This offering is expected to close on Friday, July 23.

Goldman Sachs & Co. LLC, BTIG, Scotiabank are acting as joint book-running managers for the offering with SoFi serving as co-manager. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Winston & Strawn LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.