FinTech Acquisition Corp. IV Announces Stockholders Approve Business Combination With Perella Weinberg Partners
22 Junio 2021 - 3:05PM
Business Wire
– Expected Closing Date of June 24, 2021 –
– No Stockholder Redemptions in Connection with
Business Combination –
– Received All Regulatory Approvals Related to
Business Combination –
– Combined Company to Operate as Perella
Weinberg Partners and Expected to Begin Trading on NASDAQ Under
Ticker "PWP" on June 25, 2021 –
FinTech Acquisition Corp. IV (NASDAQ: FTIV) (“FinTech IV” or
“FTIV”), a special purpose acquisition company, announced that in a
special meeting held today, its stockholders voted to approve the
previously announced proposed business combination (the “Business
Combination”) with Perella Weinberg Partners (“PWP”), a leading
global independent advisory firm. Approximately 99.9% of the votes
cast at the meeting, representing approximately 79.24% of FinTech
IV's outstanding shares, voted to approve the business combination.
In addition, stockholders of FTIV approved all other proposals put
before stockholders at the special meeting.
All regulatory approvals related to the proposed business
combination have been received, and the transaction is expected to
close on June 24, 2021, subject to the satisfaction or waiver of
certain other closing conditions. Additionally, the deadline for
electing redemptions has passed and no stockholder has elected to
redeem its shares in connection with the business combination. Upon
consummation of the transaction, the combined company will operate
as Perella Weinberg Partners and will be listed on NASDAQ under the
new symbol “PWP.”
About FinTech Acquisition Corp. IV FinTech Acquisition
Corp. IV is a special purpose acquisition 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, with a focus on the
financial technology industry. The company raised $230,000,000 in
its initial public offering in September 2020 and is listed on the
NASDAQ under the symbol “FTIV.”
About PWP Perella Weinberg Partners is a leading global
independent advisory firm, providing strategic and financial advice
to a broad client base, including corporations, institutions,
governments, sovereign wealth funds and private equity investors.
The firm offers a wide range of advisory services to clients in the
most active industry sectors and global markets. With approximately
560 employees, PWP currently maintains offices in New York,
Houston, London, Calgary, Chicago, Denver, Los Angeles, Paris,
Munich, and San Francisco. The financial information of PWP herein
refers to the business operations of PWP Holdings LP and
Subsidiaries.
Cautionary Statement Regarding Forward Looking Statements
Certain statements made in this press release are “forward-looking
statements” within the meaning of the safe harbor provisions of the
United States Private Securities Litigation Reform Act of 1995.
Statements regarding the potential Business Combination and
expectations regarding the combined business are forward-looking
statements. In addition, words such as “estimates,” “projects,”
“expects,” “anticipates,” “forecasts,” “plans,” “intends,”
“believes,” “seeks,” “may,” “will,” “would,” “should,” “future,”
“propose,” “target,” “goal,” “objective,” “outlook” and variations
of these words or similar expressions (or the negative versions of
such words or expressions) are intended to identify forward-looking
statements. These forward-looking statements are not guarantees of
future performance, conditions or results, and involve a number of
known and unknown risks, uncertainties, assumptions and other
important factors, many of which are outside the control of the
parties, that could cause actual results or outcomes to differ
materially from those discussed in the forward-looking statements.
Factors that may cause such differences include, among others, the
following: (1) the inability of the parties to complete the
potential Business Combination or to complete the contemplated
transactions; (2) satisfaction or waiver (if applicable) of the
conditions to the potential Business Combination, including with
respect to the approval of the stockholders of FTIV; (3) the
ability to maintain the listing of the combined company’s
securities on NASDAQ; (4) the inability to complete the private
placement; (5) the risk that the proposed transaction disrupts
current plans and operations of FTIV or PWP as a result of the
announcement and consummation of the transactions described herein;
(6) the ability to recognize the anticipated benefits of the
proposed Business Combination, which may be affected by, among
other things, competition, the ability of the combined company to
grow and manage growth profitably, maintain relationships with
customers and suppliers and retain its management and key
employees; (7) costs related to the proposed Business Combination;
(8) changes in applicable laws or regulations; (9) the possibility
that FTIV and PWP may be adversely affected by other economic,
business, and/or competitive factors; (10) the outcome of any legal
proceedings that may be instituted against FTIV, PWP or any of
their respective directors or officers, following the announcement
of the potential transaction; (11) the failure to realize
anticipated pro forma results and underlying assumptions, including
with respect to estimated stockholder redemptions and purchase
price and other adjustments; (12) changes in general economic
conditions, including as a result of the COVID-19 pandemic; and
(13) other risks and uncertainties indicated from time to time in
the definitive proxy statement of FTIV filed with the SEC on May
27, 2021, including those under “Risk Factors” therein, and other
documents filed or to be filed with the SEC by FTIV.
Forward-looking statements speak only as of the date they are made,
and PWP and FTIV do not undertake any obligation, and expressly
disclaim any obligation, to update, alter or otherwise revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law. Readers
should carefully review the statements set forth in the reports,
which FTIV has filed or will file from time to time with the
SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20210622006038/en/
For Perella Weinberg Partners Investor Relations:
investors@pwpartners.com For Perella Weinberg Partners Media:
media@pwpartners.com For FinTech Acquisition Corp. IV:
info@ftspac.com
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