Portage FinTech Acquisition Files a $200 Million IPO

Portage Fintech Acquisition Corporation, a blank check company led by Adam Felesky and sponsored by Portage Ventures, filed on Friday with the SEC to raise $200 million in an initial public offering.

Portage FinTech Acquisition plans to raise $200 million by offering 20 million units at $10 per unit. The units consists of one Class A ordinary share and a one-third of one warrant, exercisable at $11.50 for one share. The units will be listed on the Nasdaq Capital Market under the symbol “PFTAU”. Moreover, Class A ordinary shares and warrants will begin separate trading on Nasdaq under the symbols “PFTA” and “PFTAW”.

About Portage FinTech

As the corporation is pursuing an acquisition opportunity, they capitalize on their ability to acquire a business in financial technology. The ke...

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