Freedom Acquisition I Corp. (FACT.U) Prices Upsized $300M IPO


Freedom Acquisition I Corp. (FACT.U) Prices Upsized $300M IPO

Freedom Acquisition I Corp. announced the pricing of its upsized $300 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “FACT.U,” Friday, February 26.

The new company aims to combine with a scalable fintech target with distinct business strengths and differentiations. Freedom Acquisition I is led by Executive Chairman Tidjane Thiam and CEO Adam Gishen.

Total SPAC deal count for 2021 year-to-date is now 186. This offering is expected to close on Tuesday, March 2.

J.P. Morgan is acting as the lead book-running manager of the offering. Deutsche Bank Securities and Morgan Stanley are acting as book-running managers of the offering. Academy Securities, Drexel Hamilton, Loop Capital Markets, R. Seelaus & Co., LLC and Siebert Williams Shank are acting as co-managers of the offering. Davis Polk & Wardwell LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.