Financial Strategies Acquisition Corp. Announced Closing of $100 M IPO
Financial Strategies Acquisition Corp SPAC (FXCOU), shortly FSAC, announced its IPO (USD 100 million, including Underwriter’s execution of over-allotment) on NASDAQ, and trading of shares as per Dec. 10, 2021. The Managing Director of Shanda Consult, Stefan Nolte, has been appointed as Independent Director.
Financial Strategies Acquisition Corp intends to concentrate its efforts on identifying businesses in FinTech, or the financial technology and financial services sector, with an equity value of approximately $300 million to $500 million or more, with a particular emphasis on companies that have profitability, with unique financial products or technologies to exploit growing foreign demand for cutting edge, real-time access to the global financial markets for trading in equities, foreign exchange and futures.
These acquisitions may include, but are not limited to, financial services and financial technology companies, as well as technologies which may be exploited for the development of global financial services. This acquisition philosophy involves looking for established financial firms with a strong technology base, for profitable and growing firms with experienced management teams, and for firms and management teams that desire a public company presence on NASDAQ for access to the U.S. capital markets.
With the extensive networks and industry experience of the management team of the Financial Strategies Acquisition Corp SPAC, it will deliver access to a broad spectrum of opportunities across the financial services landscape. In addition to any potential business candidates, it may identify other target business candidates from various unaffiliated sources, including investment market participants, private equity funds and large business enterprises seeking to divest non-core assets or divisions.