FinTech Evolution Acquisition Group. Announces Pricing of Upsized $240,000,000 Initial Public Offering
02 3월 2021 - 12:17PM
FinTech Evolution Acquisition Group. (the “Company”) announced
today that it priced its upsized initial public offering of
24,000,000 units at $10.00 per unit. The units will be listed on
the New York Stock Exchange (“NYSE”) and will begin trading
tomorrow, Tuesday, March 2, 2021, under the ticker symbol “FTEV.U”.
Each unit consists of one of the Company’s shares of Class A common
stock and one-third of one redeemable warrant, each whole warrant
entitling the holder thereof to purchase one share of Class A
common stock at a price of $11.50 per share. Only whole warrants
are exercisable. Once the securities comprising the units
begin separate trading, the shares of Class A common stock and
warrants are expected to be listed on the NYSE under the symbols
“FTEV” and “FTEV WS,” respectively.
The Company is a blank check company formed for
the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. While the Company may
pursue an initial business combination target in any business or
industry, it intends to focus its efforts on Financial Technology
and technology-enabled services (“FinTech”) businesses that
offer specific technology solutions, broader technology software,
or services/products to the financial services industry.
UBS Investment Bank is acting as sole book-running manager for
the offering. The Company has granted the underwriters a 45-day
option to purchase up to an additional 3,600,000 units at the
initial public offering price to cover over-allotments, if any.
The offering is being made only by means of a
prospectus. Copies of the prospectus may be obtained, when
available, from UBS Securities LLC, Attention: Prospectus
Department, 1285 Avenue of the Americas, New York, NY 10019.
A registration statement relating to these
securities has been filed with, and declared effective by, the
Securities and Exchange Commission on March 1, 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 an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the initial public offering. 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
offering filed with the Securities and Exchange Commission (“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.
ContactRohit Bhagat
650.739.6741 rohit@fintechevolution.net
FinTech Evolution Acquis... (NYSE:FTEV.U)
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