DHC Acquisition Corp. to Take GloriFi Public via Business Combination

GloriFi, a mission-driven fintech platform offering financial products such as credit cards, digital banking, insurance, mortgages, and brokerage, entered into a definitive agreement to become publicly listed through a business combination with DHC Acquisition Corp. The transaction is expected to provide approximately $279 million in cash proceeds to GloriFi and is expected to close in the first quarter of 2023, subject to shareholder approvals and other customary conditions.