Fortress Value Acquisition Corp
FVT-WT
New York Stock Exchange0.01
USD
+0.01
- -
CIK
0001824434
Return %
Stock
S&P500
1Y
-94.37
18.21
3Y
-94.37
64.38
5Y
-94.37
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.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001824434
- Similar Companies
- Business
- Fortress Value Acquisition Corp. III (FVT-WT) operates as a blank check company whose warrants entitle holders to purchase shares of Class A common stock at a specified exercise price; the entity was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, but maintains no ongoing operations or revenue generation. Sponsored by an affiliate of Fortress Investment Group LLC, it targets operating companies across any industry, sector or geographic location, with units initially comprising one Class A ordinary share and one-fifth of one redeemable warrant expiring December 31, 2027. Incorporated in 2020 and headquartered at 1345 Avenue of the Americas, 46th Floor, New York, New York 10105, the company raised $230 million in its initial public offering on January 5, 2021, placing proceeds in trust for potential business combination use. In late 2022, shareholders approved amendments accelerating liquidation to November 22, 2022, with mandatory redemption of public shares completed around November 30, 2022, at approximately $10.07 per share, returning about $231.1 million from trust after expenses; concurrently, NYSE suspended trading in the warrants (FVT WS) due to abnormally low prices and commenced delisting, rendering them worthless upon share redemption and effectively winding down operations. The warrants (FVT-WT) persist in limited over-the-counter trading as of 2025 with negligible value around $0.009, reflecting the completed dissolution without a merger partner despite evaluation of nearly 60 targets.