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Freedom Acquisition I Corp. announced the closing of its IPO, selling 34,500,000 units at $10.00 each, yielding total gross proceeds of $345 million. The units began trading on the NYSE under the ticker FACT.U on February 26, 2021. Each unit includes one Class A ordinary share and one-fourth of a redeemable warrant, exercisable at $11.50 per share. Freedom Acquisition aims to pursue a target in the financial services sector, with notable founders including Tidjane Thiam. J.P. Morgan led the offering, supported by other financial institutions.
Freedom Acquisition I Corp. has successfully priced its upsized initial public offering of 30,000,000 units at $10.00 each. These units will list on the NYSE under the ticker FACT.U beginning February 26, 2021. Each unit includes one Class A ordinary share and one-fourth of a redeemable warrant. The company aims to pursue opportunities in the financial services sector and has notable founders such as Tidjane Thiam. The offering is managed by J.P. Morgan, with a 45-day option for underwriters to purchase an additional 4,500,000 units.
