Fusion Acquisition Corp. Announces Pricing of $305 Million Initial Public Offering
26 Juin 2020 - 2:48AM
Fusion Acquisition Corp. (the “Company”) today announced the
pricing of its initial public offering of 30,500,000 units at a
price of $10.00 per unit. The units will be listed on the New York
Stock Exchange (“NYSE”) and trade under the ticker symbol “FUSE.U”
beginning on June 26, 2020. Each unit consists of one share of
Class A common stock and one-half 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 “FUSE” and
“FUSE WS,” respectively.
Fusion Acquisition Corp. 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 $750
million to $3 billion that are applying, providing or changing
technology within the fintech or asset and wealth management
sectors.
Cantor Fitzgerald & Co. is acting as the sole book-running
manager for the offering. Odeon Capital Group, LLC is acting as
lead manager for the offering. The Company has granted the
underwriters a 45-day option to purchase up to an additional
4,575,000 units at the initial public offering price to cover
over-allotments, if any.
The offering is being made only by means of a prospectus. When
available, 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 U.S. Securities and Exchange Commission
(the “SEC”) on June 25, 2020. 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 offering discussed above will be
completed on the terms described, or at all, or 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 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)
574-3860FUSE@gatewayir.com
Fusion Acquisition (NYSE:FUSE.U)
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