Fortress Value Acquisition Corp. IV
FVIV-UN
New York Stock Exchange10.03
USD
- -
- -
CIK
0001828183
Return %
Stock
S&P500
1Y
2.35
18.21
3Y
0.30
64.38
5Y
0.30
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.- CEO
- Joshua A. Pack
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1345 Avenue of the Americas New York City NY United States of America 10105
- CIK
- 0001828183
- Website
- fortressvalueac4.com
- Similar Companies
- Business
- Fortress Value Acquisition Corp. IV is a special purpose acquisition company (SPAC) formed in 2020 and headquartered in New York, NY. The company is established with the primary objective of effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses. As a blank check company, it has not conducted traditional operations or generated revenue independently. Fortress Value Acquisition Corp. IV operates under the auspices of Fortress Investment Group, a global investment management firm. The company’s core activity centers on raising capital through initial public offerings and using those funds to pursue acquisition targets broadly without industry or geographic restrictions. Fortress Value Acquisition Corp. IV completed an initial public offering in 2021, raising approximately $600 million. Its units trade on the New York Stock Exchange under the ticker symbols FVIV and FVIV.U. Recent major developments include the company’s strategic partnership and business combination with MP Materials, a leading rare earth materials producer in the Western Hemisphere, which closed in late 2020. This transaction enabled MP Materials to raise $545 million in capital, fueling its expansion and optimization plans to become a fully integrated provider of separated rare earth oxides critical to the magnetics industry. Notably, in 2022, the New York Stock Exchange suspended trading of Fortress Value Acquisition Corp. IV’s warrants due to abnormally low price levels, which led to delisting proceedings, although common stock and units continue to trade. The company has also sought to amend its certificate of incorporation to adjust operational timelines related to share redemptions. Fortress Value Acquisition Corp. IV remains actively managed by executives from Fortress Investment Group who bring extensive expertise in investment, credit, and asset management operations. Its business model remains focused on identifying and executing value-creating business combinations leveraging Fortress's broader investment platform and resources.