FSAC IPO

I’m delighted to have joined the Board of Financial Strategies Acquisition Corporation as Chairman of the Board. Following our successful IPO on the NASDAQ market our focus will now be on making an acquisition in the fintech sector. We are focusing our attention on blockchain-enabled and decentralised tech that will enable the creation of exciting new ‘legacy-freed’ financial services solutions.

Financial Strategies Acquisition Corp. (NASDAQ: FXCOU, the “Company”) announced on December 14 that it closed its initial public offering of 10,005,000 units, which includes the full exercise of the underwriters’ over-allotment option. The units were sold at $10.00 per unit, resulting in total gross proceeds of over $100million. Each unit consists of one share of Class A common stock, one right and one redeemable warrant. Each right entitles the holder thereof to receive one-tenth (1/10) of one share of Class A common stock upon the consummation of an initial business combination, and each redeemable warrant entitles the holder thereof to purchase one share of Class A common stock at $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock, rights and warrants are expected to be listed on NASDAQ under the symbols “FXCO,” “FXCOR” and “FXCOW,” respectively. The units began trading on NASDAQ under the ticker symbol “FXCOU” on December 10, 2021.

I-Bankers Securities, Inc. acted as sole book running manager in the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on December 9, 2021. The offering is being made only by means of a prospectus, copies of which may be obtained by contacting I-Bankers Securities, Inc., 1208 Shady Ln N., Keller, Texas 76248. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov

Read the release in full.

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