FinTech Acquisition Corp. VI Announces Completion of $250,000,000 Initial Public Offering, Including Exercise of Over-Allotment Option

Rhea-AI Summary

FinTech Acquisition Corp. VI (NASDAQ:FTVIU) completed its IPO, offering 25 million units at $10.00 each, raising $250 million in gross proceeds. The IPO included 3 million units from the underwriters' over-allotment option. The company's units began trading on June 24, 2021. Each unit consists of one Class A common stock share and one-fourth of a warrant exercisable at $11.50 per share. When separated, the Class A common stock and warrants will trade under the symbols 'FTVI' and 'FTVIW' respectively. Cantor Fitzgerald & Co. acted as the sole book-running manager for this offering.

Positive

• Successful completion of IPO, raising $250 million.
• Strong demand as evidenced by the exercise of the over-allotment option for an additional 3 million units.
• Trading began promptly on Nasdaq, indicating efficient market entry.

Negative

• None.

PHILADELPHIA, PA, June 28, 2021 (GLOBE NEWSWIRE) -- FinTech Acquisition Corp. VI (NASDAQ:FTVIU) (the “Company”), a blank-check company formed for the purpose of acquiring or merging with one or more businesses, today announced the completion of its initial public offering of 25,000,000 units at a price of $10.00 per unit, which includes 3,000,000 units issued pursuant to the exercise of the underwriters’ over-allotment option, for gross proceeds to the Company of $250,000,000. The Company's units began trading on the Nasdaq Capital Market under the symbol "FTVIU" on June 24, 2021. Each unit issued in the offering consists of one share of the Company’s Class A common stock and one-fourth of one warrant, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “FTVI” and “FTVIW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.

Cantor Fitzgerald & Co. served as the sole book-running manager for the offering.

A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on June 23, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering was made by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor, New York, New York 10022; Email: prospectus@cantor.com. Copies of the registration statement can be accessed for free through the SEC's website at www.sec.gov.

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

Contact Information:

Amanda Abrams
amanda@ftspac.com
(215) 701-9693

FAQ

What was the total amount raised in FinTech Acquisition Corp. VI's IPO?

The IPO raised a total of $250 million.

What is included in each unit sold in the IPO of FTVIU?

Each unit consists of one share of Class A common stock and one-fourth of a warrant.

When did the units of FinTech Acquisition Corp. VI start trading on Nasdaq?

The units began trading on June 24, 2021.

What is the exercise price for the warrants associated with the units?

The warrants are exercisable at an exercise price of $11.50 per share.

Who was the underwriter for FinTech Acquisition Corp. VI's IPO?

Cantor Fitzgerald & Co. served as the sole book-running manager for the offering.