In The Press January 11, 2021

Three Firms Steer SoFi’s Merger With Facebook Alum’s SPAC (Bloomberg Law)

A Goodwin SPACs and Fintech team is advising online financial services company Social Finance Inc. on its $8.7 billion go-public merger with a special purpose acquisition company founded and led by former Facebook Inc. executive Chamath Palihapitiya. The transaction is expected to bring in as much as $2.4 billion in cash proceeds, including $1.2 billion via a PIPE, or private investment in public equity. Read the Bloomberg Law article here.