Fortress Value Acquisition Corp. IV (FVIV) Prices 60M Unit IPO at $10/Unit
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Fortress Value Acquisition Corp. IV (NYSE: FVIV), a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 60,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange and trade under the ticker symbol “FVIV.U” beginning March 16, 2021. Each unit consists of one share of the Company’s Class A common stock and one-eighth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of the Company’s Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on the New York Stock Exchange under the symbols “FVIV” and “FVIV WS,” respectively.
Deutsche Bank Securities Inc., BofA Securities, Inc. and PJT Partners LP are serving as the underwriters for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 9,000,000 units at the initial public offering price to cover over-allotments, if any.
The offering is being made only by means of a prospectus.
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