FinTech Acquisition VI priced its IPO of 22 million units at $10 each.
Units begin trading today on the Nasdaq under FTVIU. Each consists of one share of Class A common stock and one-fourth of one warrant, with whole warrants exercisable for one share at $11.50. Once the securities comprising the units begin separate trading, stock and warrants are expected to be list under FTVI and FTVIW, respectively.
The offering is expected to close June 28.
Cantor Fitzgerald is sole book-running manager for the offering. The underwriters have a 45-day option to purchase up to an additional 3.3 million units to cover over-allotments, if any.
The SPAC plans to target businesses that provide data processing, storage and transmission services, databases and payment processing services.
FinTech VI is led by Chairwoman Betsy Z. Cohen, who has also led the previous Fintech Acquisition blank-check companies. Read more.
