RPLA - Finance of America to start trading after poorly received SPAC deal but CEO isn't worried

CEO Patricia Cook’s company Finance of America (FOA) is set to begin trading Monday after a $1.9B merger with Replay Acquisition Corp. (RPLA), but Cook isn’t worried that RPLA’s share price has dropped since the SPAC deal’s announcement.“The SPAC market [and] the equity markets are incredibly volatile, [but] our philosophy is a really simple one,” Finance of America CEO Patricia Cook told Seeking Alpha in an interview. “We know what we're about doing, we love the business model, we love its diversification and we believe that in the fullness of time, the investor community will appreciate this story.”Finance of America, an eight-year-old Blackstone-backed company that offers lending products and services, plans to begin trading on the New York Stock Exchange under the ticker “FOA” after agreeing to a takeover deal at a $1.9B valuation.However, investors have been lukewarm to the merger ever since FOA and Replay, a special purpose acquisition

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Finance of America to start trading after poorly received SPAC deal, but CEO isn’t worried