FinTech Acquisition Corp. VI
FTVI
NASDAQ Capital Market10.10
USD
+0.00
- -
FinTech Acquisition Corp. VI
FTVI
(NASDAQ Capital Market)
Recent
price
10.10
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Similar Companies
- Business
- FinTech Acquisition Corp. VI (FTVI) is a blank check company, or special purpose acquisition company (SPAC), with no substantial independent operations other than searching for and completing an initial business combination through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar transaction with one or more businesses, principally in the financial technology sector that provides technological services to the financial services industry. Incorporated in 2020 and headquartered in Philadelphia, Pennsylvania, the company raised $250 million in its initial public offering in June 2021, including the full exercise of the over-allotment option, with proceeds held in trust to fund a potential de-SPAC transaction. FTVI targeted fintech businesses serving financial services but conducted no core products or services beyond its SPAC activities. In a major development, FinTech Acquisition Corp. VI announced in November 2022 its decision to dissolve and liquidate after failing to complete an initial business combination within the timeframe required by its Amended and Restated Certificate of Incorporation. The company redeemed all outstanding Class A common shares included in its IPO units at approximately $10.10 per share, with public shares deemed cancelled as of the close of business on December 28, 2022, and redemption distributions completed within ten business days thereafter. Sponsors waived redemption rights on their Class B founder shares, while warrants expired worthless; Nasdaq filed Form 25 to delist the company's securities, with trading ceasing as of December 27, 2022, followed by a Form 15 to terminate SEC registration under the Securities Exchange Act of 1934. No merger targets, acquisitions, partnerships, funding rounds, or other strategic initiatives materialized prior to liquidation.
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