FinTech Acquisition Corp. VI (NASDAQ:FTVI) has announced its decision to dissolve and liquidate due to failure to complete a business combination by the set deadline of December 28, 2022. The company will redeem all outstanding Class A common stock at approximately $10.10 per share. As of the stated date, these shares will be deemed canceled, and the redemption expected within ten business days thereafter. Furthermore, the sponsors have agreed to waive their redemption rights for Class B shares. The company plans to file for delisting with Nasdaq and terminate the registration of its securities.
FinTech Acquisition Corp. VI (NASDAQ:FTVIU) announced that starting August 16, 2021, holders of the Company’s units can separately trade the Class A common shares and warrants. The units will continue to trade under the symbol “FTVIU,” while the Class A common shares and warrants will trade under “FTVI” and “FTVIW,” respectively. A registration statement for the securities was declared effective on June 23, 2021. This press release does not constitute an offer to sell or buy these securities in any jurisdiction where it would be unlawful.
FinTech Acquisition Corp. VI (NASDAQ:FTVIU) completed its IPO, offering 25 million units at $10.00 each, raising $250 million in gross proceeds. The IPO included 3 million units from the underwriters' over-allotment option. The company's units began trading on June 24, 2021. Each unit consists of one Class A common stock share and one-fourth of a warrant exercisable at $11.50 per share. When separated, the Class A common stock and warrants will trade under the symbols 'FTVI' and 'FTVIW' respectively. Cantor Fitzgerald & Co. acted as the sole book-running manager for this offering.
FinTech Acquisition Corp. VI (NASDAQ:FTVIU) announced its initial public offering pricing of 22,000,000 units at $10.00 each, totaling $220 million in gross proceeds. The IPO will begin trading on June 24, 2021, on Nasdaq under the symbol FTVIU. Each unit comprises one share of Class A common stock and one-fourth of a warrant. The offering's closing is expected by June 28, 2021, subject to customary conditions. Cantor Fitzgerald & Co. is the sole book-running manager, with an option for underwriters to purchase an additional 3,300,000 units. Forward-looking statements caution about uncertainties in the offering's completion.