Fusion FUSE.U 1C + 1/2W
1W + $11.50. Call $18.
IPO Trust = $10.00. $300 million ($10.00 per unit), will be deposited into a US trust account with Continental Stock Transfer & Trust Company as trustee.
CANTOR
NEW YORK, June 25, 2020 --pricing of its initial public offering of 30,500,000 units .. 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.
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.
Jim Ross, our Non-Executive Chairman, is currently a senior advisor to State Street. He was most recently an executive vice president of State Street Global Advisors (“SSGA”) and chairman of the global SPDR exchange-traded fund (“SPDR ETF”) business, retiring in March 2020. Prior to becoming chairman, Mr. Ross was global head of the SPDR business, responsible for all aspects of the SPDR business including profit and loss management, product innovation, sales and marketing.