Fortress Value Acquisition IV Stock & Warrants May Soon Trade Separately

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Fortress Value Acquisition IV stock and warrants may be traded separately starting May 6, the SPAC said.

Stock and warrants that are separated will trade on the NYSE under FVIV and FVIV WS, respectively. Those units not separated will continue to trade under FVIV.U.

The SPAC raised $600 million in a March IPO to target what it called “under-performing companies that could benefit from management’s expertise.” Read more.

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