Fusion Acquisition Corp. II (FSNB.U) Prices Upsized $435M IPO


Fusion Acquisition Corp. II (FSNB.U) Prices Upsized $435M IPO

Fusion Acquisition Corp. II announced the pricing of its upsized $435 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “FSNB.U,” Friday, February 26.

The new company aims to combine with a fintech target valued at $1.5 billion to $5 billion generating strong cash flow. Fusion II is led by CEO John James, CFO Jeffrey Gary and Non-Executive Chairman James Ross.

Total SPAC deal count for 2021 year-to-date is now 178. This offering is expected to close on Tuesday, March 2.

Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering. Odeon Capital Group, LLC is acting as lead manager for the offering. White & Case LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.