Fortress Value Acquisition III Issues Note to Borrow up to $650K From Sponsor 

Fortress Value Acquisition III in a regulatory filing said it issue an unsecured promissory note for loans of up to $650,000 from its sponsor. The note is convertible into warrants at the sponsor’s option, priced at $1.50 each.

The SPAC raised $200 million in a January 2021 IPO. Read more.

 

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