Fortress Value Acquisition IV priced its IPO of 60 million units at $10 each.
Units begin trading today on the NYSE under FVIV.U. Each consists of one share of Class A common stock and one-eighth of one redeemable warrant; whole warrants exercisable at $11.50 for a share. Once the securities comprising the units begin separate trading, stock and warrants are expected to list under FVIV and FVIV WS, respectively.
The SPAC in the filing said it is focused on under-performing companies that could benefit from management’s expertise.
Management’s Fortress Value II is in a pending merger with ATI Physical Therapy. Read more.
