Fortress Value Acquisition Corp. III Announces Pricing of $200 Million Initial Public Offering
Fortress Value Acquisition Corp. III announced its initial public offering (IPO) pricing of 20 million units at $10.00 each, set to trade on the NYSE under the symbol “FVT.U” starting January 5, 2021. Each unit includes one share of Class A common stock and one-fifth of a redeemable warrant, with whole warrants priced at $11.50 per share. Underwriters for the offering are Deutsche Bank Securities Inc. and BofA Securities, Inc. The SEC declared the related registration statement effective as of January 4, 2021. Forward-looking statements caution that the offering and use of proceeds may vary.
- Successful pricing of 20 million IPO units at $10.00 each.
- Listing on New York Stock Exchange increases visibility and liquidity.
- Each unit includes redeemable warrants, potentially offering additional value.
- Dependence on market conditions for successful completion of the offering.
- Forward-looking statements indicate uncertainty regarding future proceeds.
Fortress Value Acquisition Corp. III (the “Company”), a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 20,000,000 units at a price of
Deutsche Bank Securities Inc. and BofA Securities, Inc. are serving as the underwriters for the offering.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Deutsche Bank Securities Inc., Attn: Prospectus Department, 60 Wall Street, New York, New York 10005, telephone: 800-503-4611 or email: prospectus.cpdg@db.com or BofA Securities, Inc., Attention: Prospectus Department, C1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001 or by emailing: dg.prospectus_request@bofa.com.
A registration statement relating to the securities has been declared effective by the Securities and Exchange Commission (“SEC”) on January 4, 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.
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. 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 Company's offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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