Freedom Acquisition I priced its upsized IPO of 30 million units at $10 each — 5 million more units than expected.
Units beging trading today on the NYSE under FACT.U. Each consists of one Class A ordinary share and one-fourth of one redeemable warrant. Whole warrants are exercisable at $11.50 for a share. Once the securities comprising the units begin separate trading, shares and redeemable warrants will list under FACT and FACT WS, respectively.
Led by idjane Thiam, a former CEO of Credit Suisse Group AG, the SPAC intends to pursue a target in the financial services sector. Read more.
