Financial Strategies Acquisition priced its initial public offering of 8.7 million units at $10 each. The units list on the Nasdaq and trade under the ticker symbol “FXCOU” as of today. Each consists of one share of Class A common stock, one right and a redeemable warrant. Each right entitles the holder to receive one-tenth of a share when the SPAC closes a merger.
The offering is expected to close Dec. 14.
The new SPAC is targeting fintech companies with an equity value of approximately $300 million to $500 million.
I-Bankers Securities, Inc. is acting as sole book running manager in the offering. Read more.
