DALLAS, Dec. 14, 2021
/PRNewswire/ -- Financial Strategies Acquisition Corp.
(NASDAQ: FXCOU, the "Company") announced today that it closed its
initial public offering of 10,005,000 units, which includes the
full exercise of the underwriters' over-allotment option. The units
were sold at $10.00 per unit,
resulting in total gross proceeds of $100,050,000. Each unit consists of one share of
Class A common stock, one right and one redeemable warrant.
Each right entitles the holder thereof to receive one-tenth (1/10)
of one share of Class A common stock upon the consummation of an
initial business combination, and each redeemable warrant entitles
the holder thereof to purchase one share of Class A common stock at
$11.50 per share. Once the securities
comprising the units begin separate trading, the Class A common
stock, rights and warrants are expected to be listed on NASDAQ
under the symbols "FXCO," "FXCOR" and "FXCOW," respectively. The
units began trading on NASDAQ under the ticker symbol "FXCOU" on
December 10, 2021.
I-Bankers Securities, Inc. acted as sole book running manager in
the offering.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
December 9, 2021. The offering is
being made only by means of a prospectus, copies of which may be
obtained by contacting I-Bankers Securities, Inc., 1208 Shady Ln
N., Keller, Texas 76248. Copies of
the registration statement can be accessed through the SEC's
website at www.sec.gov.
This press release shall not constitute an offer to sell or a
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.
About Financial Strategies Acquisition Corp.
Financial Strategies Acquisition Corp. is a blank check company
formed for the purpose of effecting a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization or
similar business combination with one or more businesses. Financial
Strategies Acquisition Corp. intends to focus its initial search on
target businesses in the financial technology and financial
services industries with an equity value of approximately
$300 million to $500 million. The proceeds of the offering will
be used to fund such business combination.
Forward-Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward-looking statements are
statements that are not historical facts. Such forward-looking
statements, including with respect to the Company's anticipated use
of net proceeds, are subject to risks and uncertainties, which
could cause actual results to differ from the forward-looking
statements. The Company expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based, except as required by law.
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SOURCE Financial Strategies Acquisition Corp.