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CF Acquisition Corp. VIII (Nasdaq: CFFEU) announced that starting May 3, 2021, holders of its 25 million initial public offering units can trade shares of Class A common stock (CFFE) and warrants (CFFEW) separately. Units not separated will continue to trade under CFFEU. This initiative allows increased trading flexibility for investors and is part of the company's strategy to facilitate future mergers and acquisitions across several industries, including finance and healthcare.
CF Acquisition Corp. VIII (Nasdaq: CFFEU) has successfully closed its initial public offering (IPO) of 25 million units, including 3 million from the underwriters' over-allotment, generating $250 million in gross proceeds. The units commenced trading on the Nasdaq on March 12, 2021, at a price of $10.00 each. Each unit comprises one share of Class A common stock and a quarter warrant, with warrants exercisable at $11.50 per share. The funds raised will be placed in trust, aiding the company in pursuing merger opportunities across various industries.
