Fusion Acquisition Corp. II
FSNB
New York Stock Exchange10.49
USD
-0.02
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Fusion Acquisition Corp. II
FSNB
(New York Stock Exchange)
Recent
price
10.49
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Fusion Acquisition Corp. II (NYSE: FSNB) is a blank check company, or special purpose acquisition company, focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, particularly in the fintech, wealth management, asset management and related technology sectors targeting enterprise values between $1.5 billion and $5 billion. The company offers no current products or services beyond its SPAC structure, which holds investor proceeds in a trust account to facilitate a de-SPAC transaction; units trade under FSNB.U, with Class A common shares and warrants under FSNB and FSNB WS, respectively. Incorporated in Delaware and headquartered in New York, New York, Fusion Acquisition Corp. II was founded in January 2021 and went public via an initial public offering in February 2021 that raised $500 million, led by underwriters Cantor Fitzgerald and Odeon Capital Group. The company is led by CEO John James, CFO Erik Thoresen, Chairman Jim Ross and directors Kelly Driscoll and Ben Buettell, whose collective expertise spans investment banking, asset management, fintech and M&A. In August 2023, Fusion Acquisition Corp. II signed a non-binding letter of intent for a business combination with Hyperloop Transportation Technologies, though the transaction did not proceed; later that year, the NYSE suspended trading and commenced delisting proceedings in October 2023 due to failure to meet listing standards, followed by the board's approval in December 2023 to redeem all outstanding Class A common shares at approximately $10.67 per share effective December 28, 2023, liquidating the trust account as no initial business combination was consummated within the required timeframe.