Fusion Acquisition Corp. II
FSNB-UN
New York Stock Exchange10.50
USD
+0.02
- -
CIK
0001840225
Return %
Stock
S&P500
1Y
6.06
18.21
3Y
4.27
64.38
5Y
4.27
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- John James
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 667 Madison Avenue New York City NY United States of America 10065
- IPO Date
- Feb 26, 2021
- CIK
- 0001840225
- Website
- fusionacq.com
- Similar Companies
- Business
- Fusion Acquisition Corp. II (NYSE: FSNB-UN) is a blank check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting the FinTech, wealth and asset management, financial advice, investment, and related sectors with scalable growth potential and strong cash flow dynamics. Incorporated in 2021 and headquartered in New York, New York, the company raised $500 million in its February 2021 initial public offering of 50 million units at $10 each through lead underwriters Cantor Fitzgerald and Odeon Capital Group, with proceeds held in trust; each unit consists of one Class A common share and one-third of a redeemable warrant exercisable at $11.50 per share. It operates globally without current significant operations beyond pursuing such transactions. In August 2023, Fusion Acquisition Corp. II signed a non-binding letter of intent for a business combination with Hyperloop Transportation Technologies Inc., a developer of high-speed vacuum-tube transportation systems, though the deal did not advance to completion. The company extended its merger deadline multiple times, including to March 2024 via shareholder vote in September 2023 amid high redemptions that reduced its trust to approximately $45.5 million, before NYSE delisting proceedings commenced in October 2023 and full redemption of public shares at $10.67 each was announced in December 2023, liquidating the entity effective December 28, 2023.
Fusion Acquisition Corp. II Announces Redemption of Shares
Fusion Acquisition Corp. II Announces Redemption of Shares
Fusion Acquisition Corp. II Receives Notice from the NYSE Regarding Immediate Suspension in Trading of Securities and Commencement of Delisting Proceedings
Fusion Acquisition Corp. II Announces Intent to Adjourn Special Meeting