FinTech Acquisition Corp. III Announces Completion of $345,000,000 Initial Public Offering, Including Full Exercise of Over-A...
20 Novembre 2018 - 11:00PM
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 completed its initial public offering of 34,500,000
units at a price of $10.00 per unit, which includes 4,500,000 units
issued pursuant to the underwriters’ over-allotment option, for
gross proceeds to the Company of $345,000,000. The Company's units
began trading on November 16, 2018 on the Nasdaq Capital Market
under the symbol "FTACU". 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.
Cantor Fitzgerald & Co. served as the sole book-running
manager and Northland Capital Markets as co-manager for the
offering.
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 was made 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. 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 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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