The Capital Markets, Special Purpose Acquisition Companies (SPACs), and Fintech teams advised Social Finance, Inc. (SoFi) on its business combination with SPAC Social Capital Hedosophia Holdings Corp. V (SCH) (NYSE: IPOE). The transaction forms a leading, publicly traded consumer-focused financial technology platform named SoFi Technologies, Inc. (Nasdaq: “SOFI” for SoFi common stock, “SOFIW” for SoFi warrants).
SoFi raised approximately $2.4 billion in cash proceeds from the transaction to fuel growth, market expansion and development of new product offerings, as well as accelerate the company’s plans to expand geographically and build the first digital one-stop-shop for members to borrow, save, spend, invest, and protect their money.
SoFi helps people achieve financial independence to realize their ambitions.
SCH is a partnership between the investment firms of Social Capital and Hedosophia.
The Goodwin team was led by Capital Markets partner Ben Marsh and SPAC Co-Heads Jocelyn Arel and Daniel Espinoza, and included Elena Hera, Chloe Pletner, Jessica Park, Blake Tyler, Samantha Kirby, Kimberly Monty Holzel, Nick Losurdo, Brynn Peltz, Carl Owens, Dan Karelitz, Andy Barton, Andre Amorim, Brooks Brown, Caroline Bullerjahn and Carl Metzger.For more details, read the press release.