Fortress Value Acquisition Corp. IV Announces Pricing of $600 Million Initial Public Offering
March 15 2021 - 4:30PM
Business Wire
Fortress Value Acquisition Corp. IV (the “Company”), a blank
check company formed for the purpose of entering into a merger,
capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses, today announced the pricing of its initial public
offering of 60,000,000 units at a price of $10.00 per unit. The
units will be listed on the New York Stock Exchange and trade under
the ticker symbol “FVIV.U” beginning March 16, 2021. Each unit
consists of one share of the Company’s Class A common stock and
one-eighth of one redeemable warrant. Each whole warrant entitles
the holder thereof to purchase one share of the Company’s Class A
common stock at a price of $11.50 per share. Once the securities
comprising the units begin separate trading, the Class A common
stock and warrants are expected to be listed on the New York Stock
Exchange under the symbols “FVIV” and “FVIV WS,” respectively.
Deutsche Bank Securities Inc., BofA Securities, Inc. and PJT
Partners LP are serving as the underwriters for the offering. The
Company has granted the underwriters a 45-day option to purchase up
to an additional 9,000,000 units at the initial public offering
price to cover over-allotments, if any.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus may be obtained from Deutsche
Bank Securities Inc., Attn: Prospectus Department, 60 Wall Street,
New York, New York 10005, telephone: 800-503-4611 or email:
prospectus.cpdg@db.com or BofA Securities, Inc., Attention:
Prospectus Department, C1-004-03-43, 200 North College Street, 3rd
floor, Charlotte NC 28255-0001 or by emailing:
dg.prospectus_request@bofa.com.
A registration statement relating to the securities has been
declared effective by the Securities and Exchange Commission
(“SEC”) on March 15, 2021. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation, or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
This press release contains statements that constitute
"forward-looking statements," including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company's registration
statement and preliminary prospectus for the Company's offering
filed with the SEC. Copies are available on the SEC's website,
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210315005750/en/
Gordon E. Runté Managing Director Fortress Investment Group LLC
212-798-6082
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