Whale Point Acquisition Corp.
General Information | |
Business: | We intend to focus our efforts on identifying business combination targets in the financial technology (“FinTech”) sector, including banking technology (“BankTech”), real estate and mortgage technology (“PropTech”), insurance technology (“InsurTech”) and other technology-enabled platforms serving the financial services industry. (Incorporated in Delaware) Note: Each unit consists of one share of common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share, subject to adjustment as described in this prospectus, and only whole warrants are exercisable. Denny Kim, our CEO and one of our directors, has spent most of his 20-year career evaluating and investing in financial services companies across sub-sectors, including banking, FinTech, insurance, insurance services, specialty finance and wealth management. Over the course of his private equity career, Mr. Kim executed the acquisition of more than $70 billion in assets across these financial services sub-sectors and the capital raising of more than $2 billion of equity from private institutional investors for private equity fund commitments and co-investment opportunities. Mr. Kim is the Founder of Whale Point Capital LLC, a newly established independent sponsor firm focused on providing growth capital to financial services companies. Since 2020, he has served as a member of the board of directors of Sterling Bancorp Inc. (NASDAQ: SBT), where he is chairman of the Asset-Liability Committee. He is also the managing principal of 7911 Partners LLC, a private investment and advisory firm he founded in 2019. Among its engagements, Mr. Kim advised Gemspring Capital, a middle-market private equity firm with $1.5 billion in assets under management (“AUM”), from 2020 to 2021, where he sourced and evaluated investments across the financial services spectrum. Earlier in his career, Mr. Kim was a founding member of WL Ross & Co.’s financial services investing team. From 2010 to 2018, he was a senior investment professional and Investment Committee member at WL Ross & Co., a private equity firm founded by former U.S. Commerce Secretary Wilbur L. Ross, where he specialized in financial services investments. During his tenure, WL Ross & Co. grew its AUM to more than $8 billion and established itself as one of the pre-eminent private equity investors in the financial services space. |
Industry: | BLANK CHECK |
Employees: | 0 |
Founded: | 2022 |
Contact Information | |
Address | 30 Chatham Road, P.O. Box 125 Short Hills, New Jersey 07078 |
Phone Number | (646) 820-2983 |
Web Address | |
View Prospectus: | Whale Point Acquisition Corp. |
Financial Information | |
Market Cap | $187.50mil |
Revenues | $0 mil (last 12 months) |
Net Income | $0 mil (last 12 months) |
IPO Profile | |
Symbol | WPAU |
Exchange | NASDAQ |
Shares (millions): | 15.0 |
Price range | $10.00 - $10.00 |
Est. $ Volume | $150.0 mil |
Manager / Joint Managers | BTIG |
CO-Managers | |
Expected To Trade: | |
Status: | TBA |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |