Fortress Capital Acquisition registered to offer 30 million units at $10 each to raise $300 million in an IPO.
The SPAC plans to focus on financial services companies, including services and technology businesses that provide support to the sector.
Fortress Capital is led by Chairman and CEO Michael Nierenberg, who is CEO of publicly traded REIT New Residential Investment Corp.
The new SPAC intends to list on the NYSE under FCAX.U. Read more.
