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FinTech Acquisition Corp. IV (NASDAQ: FTIVU) announced that starting November 13, 2020, its unit holders can trade Class A common shares and warrants separately. The units will continue trading as FTIVU, while the common shares and warrants are anticipated to trade under symbols FTIV and FTIVW, respectively. A registration statement was effective as of September 24, 2020. This announcement does not constitute an offer or solicitation in jurisdictions where it would be illegal prior to proper registration. The press release includes forward-looking statements subject to various conditions.
FinTech Acquisition Corp. IV (NASDAQ:FTIVU) successfully completed its IPO, raising $230 million by offering 23 million units at $10 each. The offering included an over-allotment of 3 million units. Shares debuted on the Nasdaq on September 25, 2020. Each unit comprises one share of Class A common stock and one-third of a warrant, exercisable at $11.50. Plans for separate trading of shares and warrants are in place. The offering was managed by Cantor Fitzgerald & Co. and Wells Fargo Securities, with a 45-day option for underwriters to purchase additional units.
FinTech Acquisition Corp. IV (NASDAQ:FTIVU) has successfully completed its initial public offering, issuing 23,000,000 units at $10.00 per unit, yielding gross proceeds of $230,000,000. Trading of these units commenced on the Nasdaq Capital Market on September 25, 2020. Each unit comprises one share of Class A common stock and one-third of a warrant, with the latter exercisable at $11.50 per share. The company’s underwriters were Cantor Fitzgerald & Co. and Wells Fargo Securities, who exercised an over-allotment option for an additional 3,000,000 units.
FinTech Acquisition Corp. IV (NASDAQ:FTIVU) priced its initial public offering of 20 million units at $10.00 each, raising $200 million. Units will start trading on Nasdaq on September 25, 2020. Each unit comprises one share of Class A common stock and one-third of a warrant, with whole warrants exercisable at $11.50. The offering's closing date is anticipated on or about September 29, 2020, subject to customary conditions. Cantor Fitzgerald & Co. and Wells Fargo Securities are the joint book-running managers, with the underwriters given a 45-day option for an additional 3 million units.
