FINTECH ACQUISITION CORP. II (NASDAQ:FNTEU) Files An 8-K Other Events
Item 8.01 Other Events.
On March 13, 2017, FinTech Acquisition Corp. II (the Company)
announced that the holders of the Companys units (Units) may
elect to separately trade their securities included in the Units
commencing on March 13, 2017. Each Unit consists of one share of
common stock, par value $0.0001 per share (Common Stock), and
one-half of one warrant (a Warrant). Each whole Warrant entitles
the holder to purchase one share of Common Stock at a price of
$11.50 per share, subject to adjustment. The Company will not
issue fractional Warrants upon the separation of Units and only
whole Warrants will trade. Those Units not separated will
continue to trade on the Nasdaq Capital Market under the symbol
FNTEU and each of the underlying shares of Common Stock and the
Warrants are expected to trade on the Nasdaq Capital Market under
the symbols FNTE and FNTEW, respectively. Holders of Units will
need to have their brokers contact Continental Stock Transfer
Trust Company, the Companys transfer agent, in order to separate
the Units into shares of Common Stock and Warrants.
A copy of the Press Release issued by the Company announcing the
separate trading of the securities underlying the Units is
attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
|99.1||Press Release dated March 13, 2017.|
About FINTECH ACQUISITION CORP. II (NASDAQ:FNTEU)
FinTech Acquisition Corp. II is a blank check company. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination, one or more businesses or assets. It intends to concentrate its efforts in identifying businesses, which provides technology to the financial services industry, with particular emphasis on businesses that provide data processing; transactional and data security; rewards, loyalty, and consumer engagement platforms by, which financial services engage their clients and market and provide services to them; digital marketing; and payment processing services. It intends to acquire established businesses that are fundamentally sound but potentially in need of financial, operational, strategic or managerial redirection to maximize value. As of September 30, 2016, it had neither engaged in any operations nor generated revenue. As of September 30, 2016, it had not yet commenced operations. FINTECH ACQUISITION CORP. II (NASDAQ:FNTEU) Recent Trading Information
FINTECH ACQUISITION CORP. II (NASDAQ:FNTEU) closed its last trading session at with 139,000 shares trading hands.