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Fusion Acquisition Corp. Prices 30.5M Unit IPO @$10/Unit

Fusion Acquisition Corp. (NYSE: FUSE) today announced the pricing of its initial public offering of 30,500,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange ("NYSE") and trade under the ticker symbol "

Benzinga · -
Fusion Acquisition Corp. (NYSE: FUSE) today announced the pricing of its initial public offering of 30,500,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange ("NYSE") and trade under the ticker symbol "FUSE.U" beginning on June 26, 2020. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants will be exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE under the symbols "FUSE" and "FUSE WS," respectively. Fusion Acquisition Corp. is a blank-check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on businesses with an enterprise value of approximately $750 million to $3 billion that are applying, providing or changing technology within the fintech or asset and wealth management sectors. Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering. Odeon Capital Group, LLC is acting as lead manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,575,000 units at the initial public offering price to cover over-allotments, if any.