Management of FinTech Acquisition Corp. V and VI announced plans to liquidatre both SPACs and redeem shares. Both blank-check companies are led by Chairwoman Betsy Z. Cohen.
Fintech V intends to dissolve and liquidate as of the close of business Dec. 9 at a per-share redemption price of approximately $10.08.
The SPAC raised $250 million in a December 2020 IPO. FinTech V terminated a deal in July with eToro Group Ltd, a social investing network, by mutual agreement.
FinTech VI will dissolve effective as of the close of business Dec. 28 and will redeem stock at a per-share redemption price of approximately $10.10.
The SPAC raised $250 million in a June 2021 IPO with plans to target businesses that provide data processing, storage and transmission services, databases and payment processing services. Read more.
