FinTech Acquisition Corp. III Announces Pricing of Upsized $300,000,000 Initial Public Offering
16 Novembre 2018 - 12:27AM
FinTech Acquisition Corp. III (NASDAQ:FTACU) (the “Company”), a
blank-check company formed for the purpose of acquiring or merging
with one or more businesses or entities in the financial technology
industry, today announced the pricing of its upsized initial public
offering of 30,000,000 units at a price of $10.00 per unit, for
gross proceeds to the Company of $300,000,000. The Company's units
will be listed on the Nasdaq Capital Market under the symbol
"FTACU" and will begin trading on November 16, 2018. Each unit
issued in the offering consists of one share of the Company’s Class
A common stock and one-half of one warrant, each whole warrant
exercisable for one share of Class A common stock at an exercise
price of $11.50 per share. No fractional warrants will be issued
upon separation of the units and only whole warrants will trade.
The closing of the offering is anticipated to take place on or
about November 20, 2018.
Cantor Fitzgerald & Co. is serving as the sole book-running
manager and Northland Capital Markets as co-manager for the
offering. The Company has granted the underwriters a 45-day option
to purchase up to an additional 4,500,000 units at the initial
public offering price to cover over-allotments, if any.
A registration statement relating to the units and the
underlying securities was declared effective by the Securities and
Exchange Commission on November 15, 2018. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of, these securities in any state
or jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus, copies
of which may be obtained by contacting Cantor Fitzgerald & Co.,
Attention: Capital Markets, 499 Park Avenue, 5th Floor New York,
New York 10022; Email: prospectus@cantor.com. Copies of the
registration statement can be accessed for free through the SEC's
website at www.sec.gov.
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering. No assurance can be given that such offering will
be completed on the terms described, or at all. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company's registration statement and
preliminary prospectus for the offering filed with the Securities
and Exchange Commission. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law. Northland Capital Markets
is the trade name for certain capital markets and investment
banking services of Northland Securities, Inc., member of
FINRA/SIPC.
Contact Information:
James J. McEntee, III President and Chief Financial Officer
FinTech Acquisition Corp. III james@ftspac.com (212) 735-1498
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