FinTech Evolution Acquisition Group
FTEV
New York Stock Exchange10.18
USD
+0.00
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FinTech Evolution Acquisition Group
FTEV
(New York Stock Exchange)
Recent
price
10.18
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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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
- FinTech Evolution Acquisition Group (NYSE:FTEV) operates as a blank check company focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the financial technology sector; it targets financial technology and technology-enabled services that provide technology solutions, broader technology software, or services/products to the financial services industry. Incorporated in 2020 and headquartered in New York, New York, the company does not have significant ongoing operations and maintains its funds in trust pending a business combination. In a major development, the company announced its decision to dissolve and liquidate in February 2023 after failing to complete an initial business combination within the required timeframe, redeeming all outstanding Class A ordinary shares at approximately $10.18 per share, with trading ceasing on March 3, 2023, and final distributions occurring thereafter; its sponsor waived redemption rights on Class B shares, while warrants expired worthless.