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FTIV - FTIV STOCK NEWS

Welcome to our dedicated page for FTIV news (Ticker: FTIV), a resource for investors and traders seeking the latest updates and insights on FTIV stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FTIV's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of FTIV's position in the market.

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Perella Weinberg Partners and FinTech Acquisition Corp. IV have completed their merger, now operating as Perella Weinberg Partners. Approved by FinTech IV shareholders on June 22, 2021, the merger closed on June 24, with trading under the new ticker symbols “PWP” and “PWPPW” starting June 25, 2021. This milestone strengthens PWP's position in the independent advisory market, with CEO Peter Weinberg emphasizing growth goals. The transaction involved notable advisory firms for both parties and positions PWP to capitalize on increased demand for independent advisory services.

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FinTech Acquisition Corp. IV (NASDAQ: FTIV) announced stockholder approval for its business combination with Perella Weinberg Partners (PWP), with approximately 99.9% of votes in favor. The deal is set to close on June 24, 2021, pending certain conditions. No stockholders opted for redemption, indicating strong support for the merger. Following completion, the new entity will operate as PWP on NASDAQ. FinTech IV previously raised $230 million in its IPO, focusing on the financial technology sector.

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FinTech Acquisition Corp. IV (NASDAQ: FTIV) has announced a record date of May 14, 2021, and a special meeting on June 22, 2021, to approve its business combination with Perella Weinberg Partners (PWP), a global advisory firm. The closing of this combination requires stockholder approval and certain regulatory conditions. All necessary approvals from PWP stakeholders have been secured. Betsy Cohen, Chairman of FinTech IV, expressed eagerness to complete the combination, enabling PWP to pursue its growth strategy in public markets. The Special Meeting will be held virtually due to Covid-19.

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Perella Weinberg Partners reported Q1 2021 financial results with revenues of $169.8 million, a significant increase from $92.4 million in Q1 2020. The firm achieved a GAAP net income of $22.5 million and an adjusted net income of $31.5 million, compared to a GAAP net loss of ($4.1) million and adjusted net income of $4.7 million in the same period last year. The CEO highlighted strong advisory activity and a growing brand presence as key factors driving sustainable growth.

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Perella Weinberg Partners (PWP) plans to release its financial results for the first quarter ending March 31, 2021, on May 17, 2021, before market open. A conference call will follow at 9:00 am ET that day to discuss these results. FTIV, a special purpose acquisition company, is also preparing for a business combination with PWP, having raised $230 million in its IPO. A preliminary proxy statement has been filed with the SEC regarding this merger, which requires stockholder approval. Further details are available on PWP's investor relations website.

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Perella Weinberg Partners (PWP) and FinTech Acquisition Corp. IV (NASDAQ: FTIV) announced a definitive business combination agreement, implying an equity value of approximately $975 million for the combined company. This deal will transition FinTech IV into PWP, listed under the symbol 'PWP' on NASDAQ. The transaction includes $230 million from FinTech IV's cash in trust and a $125 million private placement at $10.00 per share. Existing PWP equity holders will maintain about 50% ownership post-transaction, ensuring alignment with shareholder interests.

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