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Fortress Value Acquisition Corp. IV (NYSE: FVIV) is seeking shareholder approval to redeem its Class A common stock, valued at approximately $10.05 per share, before December 31, 2022. This decision stems from the likelihood of not securing a suitable merger partner by the stipulated 24-month deadline of March 18, 2023. The company has explored over 50 potential targets but faced challenges in agreement on valuations and target assessments. The redemption aims to avoid potential taxes and liquidate before the deadline.
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