Fortress Value Acquisition Corp. IV (FVIV.U) Prices $600M IPO


Fortress Value Acquisition Corp. IV (FVIV.U) Prices $600M IPO

Fortress Value Acquisition Corp. IV announced the pricing of its $600 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FVIV.U,” Tuesday, March 16.

The new company aims to combine with a business with unrecognized value that would provide attractive risk-adjusted returns. Fortress Value IV is led by CEO Joshua A. Pack, Chairman Andrew A. McKnight, CFO Daniel N. Bass, and COO Micah B. Kaplan.

Total SPAC deal count for 2021 year-to-date is now 253. This offering is expected to close on Thursday, March 18.

Deutsche Bank Securities Inc., BofA Securities, Inc. and PJT Partners LP are serving as the underwriters for the offering. Weil, Gotshal & Manges LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.