FinTech Acquisition VI closed its IPO of 25 million units, including 3 million units for the exercise of the underwriters’ over-allotment option.
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.
Units trade on the Nasdaq under FTVIU. Each consists of one share of Class A common stock and one-fourth of one warrant; each whole warrant exercisable for one share at $11.50. Once the securities comprising the units begin separate trading, stock and warrants are expected to list under FTVI and FTVIW, respectively.
Cantor Fitzgerald & Co. was sole book-running manager for the offering. Read more.
