Fintech Acquisition Corp. IV
FTIVU
NASDAQ Global Select14.14
USD
+0.40
- -
CIK
0001777835
ISIN
US31810N3026
CUSIP
31810N302
Return %
Stock
S&P500
1Y
- -
26.84
3Y
36.75
77.03
5Y
36.75
80.55
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
- 2929 Arch Street Philadelphia PA United States of America
- IPO Date
- Sep 8, 2020
- CIK
- 0001777835
- Similar Companies
- Business
- Fintech Acquisition Corp. IV is a special purpose acquisition company (SPAC) primarily focused on mergers and business combinations within the financial technology industry. Founded in 2020 and headquartered in the United States, the company raised $230 million in its initial public offering in September 2020 and was listed on the NASDAQ under the ticker symbol FTIV. Its main business activity involves identifying and executing mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations, particularly targeting fintech companies. The company does not manufacture or sell products directly but operates as a financial vehicle to facilitate strategic acquisitions within fintech. In June 2021, Fintech Acquisition Corp. IV completed a major business combination with Perella Weinberg Partners, a global independent advisory firm offering a wide range of advisory services across several active industry sectors and global markets. This merger marked a significant strategic expansion, positioning the combined entity to leverage Perella Weinberg Partners' advisory expertise in the financial sector while benefiting from the capital and structure provided by Fintech Acquisition Corp. IV. Recent operational changes include the completion of this business combination transaction, which effectively transformed Fintech Acquisition Corp. IV into a public entity for Perella Weinberg Partners, enabling the latter to execute its growth strategy with enhanced public market access. The transaction was valued at approximately $975 million and involved a combination of public offering proceeds and private placements by institutional investors. Since this merger, Fintech Acquisition Corp. IV has ceased to exist as a standalone company, with Perella Weinberg Partners continuing operations under the combined public entity framework. The company initially focused on the financial technology sector, emphasizing strategic partnerships and acquisitions that enable growth and expansion in fintech services globally, including advisory, capital markets, and investment services. The combined operations serve a broad client base including institutional investors, corporations, and financial institutions, with a geographic footprint reflecting the global reach of Perella Weinberg Partners. In summary, Fintech Acquisition Corp. IV began as a SPAC established to pursue fintech mergers but underwent a significant strategic transformation through its business combination with Perella Weinberg Partners, a leading independent advisory firm, marking its latest major change and current focus on expanding advisory services in the financial sector under the combined entity structure.
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