Fusion Acquisition Corp. II Announces Closing of $500 Million Initial Public Offering
02 Março 2021 - 3:05PM
Fusion Acquisition Corp. II (NYSE: FSNB.U) (the “Company”) today
announced that it closed its initial public offering of 50,000,000
units, including 6,500,000 units issued pursuant to the exercise by
the underwriters of their over-allotment option. The offering was
priced at $10.00 per unit, resulting in gross proceeds of
$500,000,000.
The units are listed on the New York Stock Exchange (“NYSE”) and
commenced trading under the ticker symbol “FSNB.U” on February 26,
2021. Each unit consists of one share of Class A common stock and
one-third of one redeemable warrant, with each whole warrant
exercisable to purchase one share of Class A common stock at a
price of $11.50 per share. Only whole warrants will be exercisable.
Once the securities comprising the units begin separate trading,
the shares of Class A common stock and warrants are expected to be
listed on the NYSE under the symbols “FSNB” and “FSNB WS,”
respectively.
Fusion Acquisition Corp. II, founded and led by CEO John James,
is a blank-check company formed for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. The Company intends to focus on businesses with an
enterprise value of approximately $1.5 billion to $5 billion that
are providing or changing technology within the fintech or wealth,
investment, and asset management sectors, or certain types of
technology companies that lie adjacent to the fintech sector. The
Company board comprises Non-Executive Chairman Jim Ross, CEO John
James, CFO Jeff Gary, and Directors Kelly Driscoll and Ben
Buettell.
Cantor Fitzgerald & Co. acted as the sole book-running
manager for the offering. Odeon Capital Group, LLC acted as lead
manager for the offering.
Of the proceeds received from the consummation of the initial
public offering and a simultaneous private placement of warrants,
$500,000,000 (or $10.00 per unit sold in the public offering) was
placed in trust. An audited balance sheet of the Company as of
March 2, 2021 reflecting receipt of the proceeds upon consummation
of the initial public offering and the private placement will be
included as an exhibit to a Current Report on Form 8-K to be filed
by the Company with the U.S. Securities and Exchange Commission
(the “SEC”).
The offering was made only by means of a prospectus. Copies of
the prospectus relating to this offering may be obtained from
Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park
Avenue, 5th Floor New York, New York 10022; Email:
prospectus@cantor.com.
A registration statement relating to these securities was
declared effective by the SEC on February 25, 2021. 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.
Forward Looking-Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and search for an initial business combination. No
assurance can be given that the proceeds of the offering will be
used as indicated. 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 initial
public offering filed with the SEC. Copies are available on the
SEC’s website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Contact
Cody SlachGateway Investor Relations(949)
574-3860FUSION@gatewayir.com
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