Director of Sterling Bancorp and seasoned private equity executive heads new SPAC

Jump to heading Director of Sterling Bancorp and seasoned private equity executive heads new SPAC

Whale Point Acquisition Corp. registered an initial public offering as a SPAC on the Nasdaq under the ticker WPAU late on Wednesday. The special purpose acquisition company intends to raise $150 million in order to explore deals in the FinTech (financial technology) industry. Denny Kim, CEO of Whale Point Acquisition Corp., is also the CEO of the SPAC's sponsor, the private equity company Whale Point Capital LLC, a newly created business focusing on offering growth capital to financial sector firms. Kim is a director of Sterling Bancorp Inc. SBT since 2020, and formerly worked at WL Ross & Co. and J.C. Flowers & Co.

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(As of July 22, 2022, funds managed by Cohanzick Management, LLC and its affiliates do not own a position in Sterling Bancorp Inc.)