Inactive Instrument

Financials Acquisition Corp

FINS

KYG3439B1032

Financials Acquisitions extends deadline for business combination

July 11, 2023 at 07:56 am EDT

(Alliance News) Financials Acquisition Corp on Tuesday said shareholders backed its new business combination deadline at its general meeting on Monday.

The special purpose acquisition company focused on insurance technology said the deadline has now been extended to December 31 from July 13.

The said last month it was seeking an extension to allow "sufficient time" for the firm to pursue the transaction and complete the combination.

The business combination involves raising additional capital and becoming a listed operating company, as well as deploying funds into the Lloyds of London insurance market for reinvestment purposes.

Shares in Financials Acquisition were untraded in London on Tuesday afternoon, last quoted at 1,040.00 pence.

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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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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