Fusion Acquisition Corp. II
FSNB-WT
New York Stock Exchange0.01
USD
+0.01
- -
CIK
0001840225
Return %
Stock
S&P500
1Y
-71.91
18.21
3Y
-71.91
64.38
5Y
-71.91
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.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001840225
- Similar Companies
- Business
- Fusion Acquisition Corp. II (FSNB-WT) operates as a blank check company, or special purpose acquisition company (SPAC), incorporated in Delaware in 2021 and headquartered in New York; its sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, targeting enterprises valued between $1.5 billion and $5 billion primarily in the financial services industry, with emphasis on FinTech, wealth management, investment and asset management sectors, or adjacent technology companies; it offers no current products or services beyond this acquisition mandate, with securities including Class A common stock (FSNB), units (FSNB.U), and warrants (FSNB-WT or FSNB WS) exercisable at $11.50 per share. The company completed its initial public offering in March 2021, raising $500 million through 50 million units at $10.00 each, with proceeds placed in trust; it focuses operations in the United States but seeks global high-growth targets. In recent major changes, the NYSE suspended trading in its warrants (FSNB WS) in November 2022 due to abnormally low prices and commenced delisting; in October 2023, NYSE initiated delisting proceedings for FSNB and FSNB.U after market capitalization fell below continued listing standards; the board announced redemption of all outstanding Public Shares at approximately $10.67 per share effective December 28, 2023, due to failure to complete a business combination within the required timeframe, with liquidation of the trust account, cancellation of shares, and filing of Form 15 to terminate SEC registration; no merger target was identified, and warrants carry no redemption or liquidating distributions.