NEW YORK, March 16, 2021 /PRNewswire/ -- CF
Acquisition Corp. VIII (Nasdaq: CFFEU, the "Company") announced
today that it closed its initial public offering of 25,000,000
units (including 3,000,000 units sold upon exercise of the
underwriters' over-allotment option) at $10.00 per unit, resulting in gross proceeds of
$250,000,000. The units began trading
on the Nasdaq Capital Market ("Nasdaq") under the symbol "CFFEU" on
March 12, 2021. Each unit consists of
one share of Class A common stock and one-fourth of one warrant.
Each whole warrant is exercisable to purchase one share of Class A
common stock at a price of $11.50 per
share. Only whole warrants are exercisable. Once the securities
comprising the units begin separate trading, the Class A common
stock and warrants are expected to be listed on the NASDAQ under
the symbols "CFFE" and "CFFEW," respectively.
![Cantor Fitzgerald Logo. (PRNewsFoto/Cantor Fitzgerald) Cantor Fitzgerald Logo. (PRNewsFoto/Cantor Fitzgerald)](https://mma.prnewswire.com/media/147829/cantor_fitzgerald_logo.jpg)
Of the proceeds received from the consummation of the initial
public offering and a simultaneous private placement of units,
$250,000,000 was placed in trust. An
audited balance sheet of the Company as of March 16, 2021 reflecting receipt of the proceeds
upon consummation of the initial public offering and the private
placement will be included as an exhibit to a Current Report on
Form 8-K to be filed by the Company with the Securities and
Exchange Commission ("SEC").
Cantor Fitzgerald & Co. acted as the sole book running
manager for the offering.
About CF Acquisition Corp. VIII
CF Acquisition Corp. VIII is a newly organized blank check
company formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. The
Company's efforts to identify a prospective target business will
not be limited to a particular industry or geographic region, but
the Company intends to focus on industries where its management
team and founders have experience, including the financial
services, healthcare, real estate services, technology and software
industries. CF Acquisition Corp. VIII is led by Chairman and Chief
Executive Officer Howard W.
Lutnick.
A registration statement relating to these securities was
declared effective by the SEC on March 11,
2021. The offering has been made only by means of a
prospectus, copies of which may be obtained by contacting Cantor
Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue,
5th Floor New York, New York
10022; Email: prospectus@cantor.com. Copies of the
registration statement can be accessed through the SEC's website
at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Forward Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, including with respect to the anticipated use of the
net proceeds, are subject to risks and uncertainties, including
those set forth in the Risk Factors section of the Company's
registration statement and prospectus for the offering filed with
the SEC, which could cause actual results to differ from the
forward looking statements. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company's expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/cf-acquisition-corp-viii-announces-closing-of-250-million-initial-public-offering-301248670.html
SOURCE CF Acquisition Corp. VIII