Fusion Acquisition Corp. II Announces Closing of $500 Million Initial Public Offering NYSE:FSNB

Fusion Acquisition Corp. II Announces Closing of $500 Million Initial Public Offering NYSE:FSNB

News Highlights

NEW YORK, March 02, 2021 (News) — 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

  • Check the latest Business news updates and information updates.
  • Please share this news Fusion Acquisition Corp. II Announces Closing of $500 Million Initial Public Offering NYSE:FSNB with your friends and family to support us your one share helps us a lot.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Trending Lists

Best Cheap Laptops
Best Cheap Laptops
Best Cheap Laptops – Gone are the days when decent laptops were priced around $1000. In today’s market, companies come up with new ideas to surpass…read more ❯
headphones for cycling
Best Headphones For Cycling
Are you fond of cycling, and do you need a personal and reliable audio solution? Then read this article till the end, and you will find some of the…read more ❯
Best Gaming Chairs Under $300
Best Gaming Chairs Under $300
It doesn’t matter if you are a professional gamer or if you play in your spare time, it is necessary to invest in the best PC game seats to achieve…read more ❯
Best Paid Security Tools For Windows
Best Paid Security Tools For Windows
If you’re looking for the best security tool for your Windows 7, 8, 8.1 or Windows 10, we only recommend you Bitdefender Internet Security. While…read more ❯
Best Laptop Stands
Best Laptop Stands of 2021
Are you looking for the Best Laptop Stands of 2021? We love laptops for portability, allowing us to take your workstation wherever you go. But when…read more ❯
Best microSD cards
Best microSD cards of 2021
If you’re looking for the best microSD cards for sale in 2021, you’ve come to the right place. We have carefully selected the very best flash memory…read more ❯
Best Wireless Charger
Best Wireless Charger of 2021
Are you looking for the Best Wireless Charger of 2021? The wires are such a mess! Everyone thinks the same thing. However, sons are an integral part…read more ❯
best budget drones
Best Budget Drones
We often associate the word cheap with sticky or substandard. I would have agreed to this a generation ago. But today you get a lot more for much…read more ❯

Tutorials & Guides

Fix ‘Audacity Error Opening Sound Device’ Issue
Hello guys in this guide, I am gonna tell you about Fix ‘Audacity Error Opening Sound Device’ Issue. So read this article, step by step so you…read more ❯
How To Fix Slow Camera On Apple iPhone X  And iPhone X
Hello guys in this guide, I am gonna tell you about How To Fix Slow Camera On Apple iPhone X  And iPhone X. So read this article, step by step so…read more ❯
How To Turn Off Alarms On Samsung Galaxy S6
Hello guys in this guide, I am gonna tell you about How To Turn Off Alarms On Samsung Galaxy S6. So read this article, step by step so you may…read more ❯
Locking a Face­book Pro­file: Guide
This article is about Locking a Face­book Pro­file: Guide. So read this free guide, Locking a Face­book Pro­file: Guide step by step. If you have…read more ❯
How To Make Text Larger on iPhone
Hello guys in this guide, I am gonna tell you about How To Make Text Larger on your iPhone. So read this article, step by step so you may understand…read more ❯
Locked Out Of iPhone 7 And iPhone 7 Plus (Solution)
Hello guys in this guide, I am gonna tell you about Locked Out Of iPhone 7 And iPhone 7 Plus (Solution). So read this article, step by step so you…read more ❯
How To Fix Note 4 Back Button Not Working
Hello guys in this guide, I am gonna tell you about How To Fix Note 4 Back Button Not Working. So read this article, step by step so you may…read more ❯

This Easy iPhone Trick Will Save You Tons of Photo Space
How to use the icloud to free up more space We’ve all been the re: Working low on iPhone space for storing, scrambling to delete photographs we…read more ❯
8 Greatest Apps to Maximize Android perfomance
Android is not as controlled and regulated as its iOS competitor. It doesn’t matter what version of the mobile OS you are running, but with android…read more ❯
Google Play store Error 498 5 easy Methods to fix it
Just lately Whereas Downloading Asphalt game on my Smartphone I received an Error 498 in Google Play Store. To be Actual, the Error Reads “Error…read more ❯
How to Enable Copy paste in CMD – Windows
By Default Windows don’t permit users to Copy text and Paste it in Command prompt Or Copy textual content from Command prompt(cmd) and paste it…read more ❯
How to Speed Up Chrome Browser Easily
As we all know that chrome is very fast browser amongst all browser compare to firefox , internet exporer and safari and so on. However sometimes its…read more ❯
How to stop Facebook account from being hacked
There are lots of methods to lose control of your Facebook account. It’s possible you’ll get hacked and ultimately loose Control over your facebook…read more ❯
Method to watch youtube videos in vlc media player
VLC Media Player Have the Functionality to Play Movies with all most all Video Codecs , Most likely that is the One cause Why VLC media player is…read more ❯
top 4 Linux screenwriting software program
Want to put in writing the next top blockbuster, indie film or hit sitcom? We take a look at out the very best linux screenwriting software  for…read more ❯
Download YouTube Videos Offline mode on your phone
It takes just a few easy steps to download  video from YouTube app. Open a video, tap the download button (see screenshot), select the resolution…read more ❯
How to Look Better While Video Chatting
Video chatting is so commonplace nowadays that even dogs know how to do it. However, with the rise of live conferencing and Skype interviews, the…read more ❯

Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Essentia Health expands availability of walk-in vaccination

Essentia Health expands availability of walk-in vaccination

At this time, both Pfizer-BioNTech and Moderna vaccines are being offered. For those who prefer to make an appointment, please use MyChart to schedule or ...
Halo 3 becomes terror with a zombie mod inspired by Call Of Duty

Halo 3 becomes terror with a zombie mod inspired by Call Of Duty

While proper mod support is still a distant promise, the Halo community has already delivered some outstanding new mods—from Extinction’s massive vehicular ...
A ‘Britcoin’ can be a financial game changer

A ‘Britcoin’ can be a financial game changer

Facebook experienced a backlash from regulators to its original plans to issue a stable coin, Libra (renamed Diem) because it was also seen as having longer ...
Personal data, critical minerals, sensitive technologies and SOEs are updated guidance of National Security Review 

Personal data, critical minerals, sensitive technologies and SOEs are updated guidance of National Security Review 

Nevertheless, the Minister highlighted in the revised Guidelines four areas where the Government sees heightened risk: In a statement accompanying the ...
Lewis County residents are invited to enlighten mental health in their rural community |  Lewis County

Lewis County residents are invited to enlighten mental health in their rural community | Lewis County

The research team has a separate 90-minute meeting in each county with agencies and groups that work directly or laterally in the mental health and suicide ...
UVa Health will release charges and judgments as part of new billing policies |  Grape

UVa Health will release charges and judgments as part of new billing policies | Grape

Source “We are establishing an ombudsperson’s office to assist with any hardship cases because you can earn 500% of the federal poverty level and still have ...
Samsung Galaxy Book Pro, a few exciting features

Samsung Galaxy Book Pro, a few exciting features

The newly available model, the Galaxy Book Flex, was a very impressive laptop, especially in regards to its beautiful display. However, it also left a lot to ...
Kevin Durant, James Harden out;  Nic Claxton, Reggie Perry on health and safety protocols

Kevin Durant, James Harden out; Nic Claxton, Reggie Perry on health and safety protocols

“James is progressing well. He’s looking forward to having at least one or two play days, which means he’ll play four-on-four, five-on-five with the group in ...
US $ 400 million raised to finance SMEs

US $ 400 million raised to finance SMEs

SOURCE Itaú Unibanco Holding S.A. Itaú Unibanco – Corporate Communications (11) 5019-8880 / 8881 –   Related Links (1) DFC’s partnering with Itaú Unibanco ...
Valheim Players Can Like Survival Games

Valheim Players Can Like Survival Games

  Players have begun posting memes of themselves in Valheim, waiting for new content to drop. Luckily, there are nearly endless survival game options to ...
Show next
Compsmag - Latest News from tech, business and health
Logo