Fusion Acquisition II priced its IPO of 43.5 million units at $10 each, an upsize of 13.5 million more units than expected.
Units start trading today on the NYSE under FSNB.U. Each consists of one share of Class A common stock and one-third of one redeemable warrant, with each whole warrant exercisable at $11.50 for a share. Once the securities comprising the units begin separate trading, shares and warrants will list under FSNB and FSNB WS, respectively.
Fusion II intends to focus on businesses with an enterprise value of approximately $1.5 billion to $5 billion that are providing or changing technology within the fintech or wealth, investment and asset management sectors, or certain types of technology companies that lie adjacent to the fintech sector. Read more.
