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CF Finance Acquisition Corp. Announces that GCM Grosvenor Raises its 2020 Adjusted EBITDA and Adjusted Net Income Guidance; Announces Special Meeting of CF Finance Acquisition Corp. Stockholders and Post-Closing Board of Directors

Oct 23, 2020•almost 5 years ago
New York

Description

 CF Finance Acquisition Corp. ("CFAC" or the "Company") (NASDAQ: CFFA) announced today that GCM Grosvenor, a global alternative asset management firm with which CFAC has entered into an agreement in connection with its initial business combination, raised the range of its 2020 Adjusted EBITDA guidance (previously $100.4 million) by 16 - 18% up to $116-$118 million, and raised the range of its 2020 Adjusted pre-tax net income guidance (previously $77.5 million) by 16 - 19% up to $90 -$92 million.

Company Information

Company

Cf Finance Acquisition Corp.

Location

New York, New York, United States

About

CF Finance Acquisition Corp. is a public investment vehicle formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. CFAC is led by its Chairman and Chief Executive Officer, Howard W. Lutnick, who is also the Chairman and Chief Executive Officer of Cantor Fitzgerald. CFAC's securities are traded on the Nasdaq Capital Market under the ticker symbols CFFA, CFFAW and CFFAU.