FinTech Evolution Acquisition Group has priced its upsized initial public offering of 24,000,000 units at $10.00 per unit. The units will be listed on the New York Stock Exchange and will begin trading on March 2, under the ticker symbol “FTEV.U.” Each unit consists of one of the company’s shares of Class A common stock and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE under the symbols “FTEV” and “FTEV WS,” respectively.
UBS Investment Bank is acting as sole book-running manager for the offering. The company has granted the underwriters a 45-day option to purchase up to an additional 3,600,000 units at the initial public offering price to cover over-allotments, if any.