Tuesday, November 22, 2022

Equity Corporate Actions Alert #2022 - 368
Information Regarding the Redemption of FinTech Acquisition Corp. V (FTCV/W/U)

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  • Industry Announcement

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On November 18, 2022, FinTech Acquisition Corp. V announced that it will redeem its public shares and not consummate an initial business combination. As of the close of business on December 9, 2022, the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount. The details are as follows:

Company Name & Issue Type: FinTech Acquisition Corp. V Class A Common Stock
CUSIP#: 31810Q107
Symbol: FTCV
Anticipated Last Trading Date: December 8, 2022
Anticipated Marketplace Effective Date for Suspension: December 9, 2022
Redemption rate: Approximately $10.08 per Class A Common Stock
Company Name & Issue Type: FinTech Acquisition Corp. V Warrant
CUSIP#: 31810Q115
Symbol: FTCVW
Anticipated Last Trading Date: December 8, 2022
Anticipated Marketplace Effective Date for Suspension: December 9, 2022
Redemption rate: There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless.
Company Name & Issue Type: FinTech Acquisition Corp. V Unit
CUSIP#: 31810Q305
Symbol: FTCVU
Anticipated Last Trading Date: December 8, 2022
Anticipated Marketplace Effective Date for Suspension: December 9, 2022
Redemption rate: Approximately $10.08 per Class A Common Stock


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