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CF Finance closes $250M IPO

CF Finance Acquisition Corp., a newly organized blank check company, closed the initial public offering of 25 million units at a price of $10 per unit, for gross proceeds of $250 million.

Underwriters were granted a 45-day option to purchase up to an additional 3,750,000 units to cover overallotments.

Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering.