FinTech Acquisition Corp. VI is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. Its units trade on the OTC Markets under the ticker FTVIU. As a blank‐check issuer, the company has no commercial operations of its own and holds the proceeds of its initial public offering in a trust account pending completion of a business combination.
The company completed its initial public offering in November 2021, raising approximately $300 million in gross proceeds. Its stated objective is to effect a merger, share exchange, asset acquisition or similar business combination with one or more fintech‐focused targets. FinTech Acquisition Corp. VI has a 24‐month window from the closing of its IPO to identify and consummate a qualifying transaction, with the option to extend the timeline under certain conditions.
FinTech Acquisition Corp. VI seeks to partner with businesses operating in high-growth areas of financial technology, including digital banking platforms, payments infrastructure, lending marketplaces, insurtech solutions and asset management technologies. By combining with a fintech company, the SPAC aims to provide its partner with access to public markets capital, strategic guidance and a platform for scaling operations in both domestic and international markets.
The sponsor and management team bring experience in investment banking, venture capital and fintech entrepreneurship, with backgrounds spanning deal structuring, regulatory compliance and technology development. Upon consummation of a business combination, the newly public company is expected to leverage this collective expertise and industry network to support growth initiatives, expand product offerings and deliver value to shareholders.
AI Generated. May Contain Errors.
Free FTVIU Stock Alerts