– Perella Weinberg Partners to Commence Trading
on NASDAQ Under Ticker "PWP" on June 25, 2021 –
Perella Weinberg Partners (“PWP”), a leading global independent
advisory firm, and FinTech Acquisition Corp. IV (NASDAQ: FTIV)
(“FinTech IV”), a special purpose acquisition company, announced
today that they have completed their previously announced business
combination (the “Business Combination”). The Business Combination
was approved at a special meeting of stockholders of FinTech IV on
June 22, 2021, and closed today, June 24, 2021. The combined
company now operates as Perella Weinberg Partners, and PWP’s Class
A common shares and warrants will begin trading on NASDAQ under the
ticker symbols “PWP” and “PWPPW”, respectively, starting tomorrow,
June 25, 2021. FinTech IV’s public units separated into their
component securities upon consummation of the Business Combination
and, as a result, no longer trade as a separate security and are
being delisted from NASDAQ.
PWP CEO Peter Weinberg commented, “Today marks an important
milestone in the ongoing growth and development of PWP’s global
advisory platform. This latest step has been achieved through the
exceptional efforts and dogged dedication of our entire team. We
thank all of our clients, the FinTech IV team and all our
stakeholders for their persistent belief in our mission. With our
best-in-class team and premium global advisory brand, we are
energized by the opportunity to deliver the very best strategic
financial advice to our clients and drive long-term value for our
shareholders.”
Betsy Cohen, Chairman of the Board of Directors of FinTech IV,
said, “We are pleased to complete the business combination with PWP
and excited to introduce this world class, differentiated brand to
the public markets as the PWP team focuses on capitalizing on the
increasing demand for expert independent advisory services in
today’s fast moving and highly complex business environment.”
Advisors
Perella Weinberg Partners LP served as exclusive capital markets
and financial advisor and Skadden, Arps, Slate, Meagher & Flom
LLP acted as legal counsel to PWP.
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and
Financial Technology Partners served as financial advisors to
FinTech IV. Keefe, Bruyette & Woods, a Stifel Company, served
as buy side advisor to FinTech IV. Cantor Fitzgerald & Co., JMP
Securities LLC and Wells Fargo Securities, LLC acted as capital
markets advisors to FinTech IV. Morgan Lewis & Bockius, LLP
acted as legal counsel to FinTech IV.
Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted
as private placement agents to FinTech IV. Davis Polk &
Wardwell LLP acted as legal counsel to the private placement
agents.
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 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 ability to maintain
the listing of the combined company’s securities on NASDAQ; (2) the
risk that the transaction disrupts current plans and operations of
PWP as a result of the announcement and consummation of the
transactions described herein; (3) the ability to recognize the
anticipated benefits of the 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; (4) costs related to the Business
Combination; (5) changes in applicable laws or regulations; (6) the
possibility that PWP may be adversely affected by other economic,
business, and/or competitive factors; (7) the outcome of any legal
proceedings that may be instituted against PWP or any of its
directors or officers; (8) the failure to realize anticipated pro
forma results and underlying assumptions, including with respect to
estimated stockholder redemptions and purchase price and other
adjustments; (9) changes in general economic conditions, including
as a result of the COVID-19 pandemic; and (10) other risks and
uncertainties indicated from time to time in the definitive proxy
statement of FinTech IV 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 PWP. Forward-looking
statements speak only as of the date they are made, and PWP does
not undertake any obligation, and expressly disclaims 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 FinTech IV or PWP have 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/20210624005932/en/
For Perella Weinberg Partners Investor Relations:
investors@pwpartners.com For Perella Weinberg Partners Media:
media@pwpartners.com
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