FinTech Acquisition Corp. VI Announces Pricing of $220,000,000 Initial Public Offering

Rhea-AI Summary

FinTech Acquisition Corp. VI (NASDAQ:FTVIU) announced its initial public offering pricing of 22,000,000 units at $10.00 each, totaling $220 million in gross proceeds. The IPO will begin trading on June 24, 2021, on Nasdaq under the symbol FTVIU. Each unit comprises one share of Class A common stock and one-fourth of a warrant. The offering's closing is expected by June 28, 2021, subject to customary conditions. Cantor Fitzgerald & Co. is the sole book-running manager, with an option for underwriters to purchase an additional 3,300,000 units. Forward-looking statements caution about uncertainties in the offering's completion.

Positive

• Initial public offering of 22,000,000 units priced at $10.00 each, raising $220 million in gross proceeds.
• Units will trade on Nasdaq under the symbol FTVIU starting June 24, 2021.
• Warrants included in each unit could lead to future revenue growth.

Negative

• Forward-looking statements highlight uncertainties regarding the completion of the offering.

PHILADELPHIA, PA, June 23, 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 pricing of its initial public offering of 22,000,000 units at a price of $10.00 per unit, for gross proceeds to the Company of $220,000,000. The Company's units will be listed on the Nasdaq Capital Market under the symbol "FTVIU" and will begin trading 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. The closing of the offering is anticipated to take place on or about June 28, 2021, subject to customary closing conditions.

Cantor Fitzgerald & Co. is serving as sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any. 

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 is being made only 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. No assurance can be given that such offering will be completed on the terms described, or at all. 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 preliminary 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 is the initial public offering price for FinTech Acquisition Corp. VI (FTVIU)?

The initial public offering price is set at $10.00 per unit.

When will FinTech Acquisition Corp. VI (FTVIU) start trading on Nasdaq?

FTVIU is set to begin trading on June 24, 2021.

What does each unit in the FinTech Acquisition Corp. VI IPO consist of?

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

What are the symbols for the Class A common stock and warrants after the IPO?

The Class A common stock will trade under the symbol FTVI, and the warrants under FTVIW.

Who is managing the initial public offering for FinTech Acquisition Corp. VI?

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