FinTech Acquisition Corp. V Unit

PHILADELPHIA, PA, Nov. 18, 2022 (GLOBE NEWSWIRE) --  FinTech Acquisition Corp. V (NASDAQ:FTCV) (the “Company”), a blank-check company formed for the purpose of acquiring or merging with one or more businesses, today announced that, because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation (the “Charter”), the Company intends to dissolve and liquidate in accordance with the provisions of the Charter, effective as of the close of business on December 9, 2022, and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering (the “Public Shares”), at a per-share redemption price of approximately $10.08.

Related tickers: FTCVU, FTCVW, FTCV.

Dan Loeb's 13F portfolio value increased from $14.83B to $17.08B. The top 3 positions are at 21% of the portfolio: Upstart Holdings, SentinelOne and PG&E Corp.

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