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.
For more SPAC news check out our other articles. To view all updated SPAC metrics for over 700 U.S.-listed SPACs, including liquidation date, yield to liquidation, last price, gross spread, and much more sign up for a free SPACinformer account.
(As of July 22, 2022, funds managed by Cohanzick Management, LLC and its affiliates do not own a position in Sterling Bancorp Inc.)
Create your free SPACinformer account
- Weekly database updates.
- Weekly news articles.
- Product launch updates.
- Interactive data analytics.
- SPAC events calendar.
- Top community discussions
- Exclusive access to sponsors.