FinTech Evolution Acquisition priced its upsized IPO of 24 million units at $10 each. The SPAC offered 4 million more shares than anticipated.
Units begin trading today on the NYSE under FTEV.U. Each consists of one share of Class A common stock and one-third of one redeemable warrant, each whole warrant exercisable to purchase a share of Class A common stock at $11.50. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under FTEV and FTEV WS, respectively.
The SPAC intends to focus on financial technology and technology-enabled services businesses that offer specific technology solutions, broader technology software, or services/products to the financial services industry. Read more.
