Portage Fintech Acquisition Corporation (PFTAU) is a newly formed blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company is led by Adam Felesky, the Chief Executive Officer, and Ajay Chowdhery, the Chief Financial Officer and Chief Operating Officer.
While they may pursue an acquisition opportunity in any business, industry, sector or geographical location, they intend to focus on industries in the financial technology (“FinTech”) or financial services ecosystem, including key verticals such as Wealth and Asset Management, Consumer and SME Finance, Insurance, Payments, Information Services and FinTech Infrastructure. While their sourcing efforts will primarily be concentrated in the United States, they also intend to leverage their global network to expand their pool of opportunities in several other geographies including Western Europe and Canada.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its acceptance given after the effective date.