FinTech Acquisition Corp. III’s Lock-Up Period Set To End on May 15th (OTCMKTS:FTACU)

FinTech Acquisition Corp. III’s (OTCMKTS:FTACU) lock-up period will end on Wednesday, May 15th. FinTech Acquisition Corp. III had issued 30,000,000 shares in its IPO on November 16th. The total size of the offering was $300,000,000 based on an initial share price of $10.00. After the end of FinTech Acquisition Corp. III’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

OTCMKTS:FTACU opened at $10.45 on Wednesday. FinTech Acquisition Corp. III has a 12 month low of $9.93 and a 12 month high of $10.45.

A number of hedge funds have recently modified their holdings of FTACU. Monashee Investment Management LLC bought a new stake in FinTech Acquisition Corp. III during the 4th quarter valued at $5,500,000. Citigroup Inc. bought a new stake in FinTech Acquisition Corp. III during the 4th quarter valued at $1,505,000. HGC Investment Management Inc. bought a new stake in FinTech Acquisition Corp. III during the 4th quarter valued at $11,484,000. City Financial Investment Co Ltd bought a new stake in FinTech Acquisition Corp. III during the 4th quarter valued at $7,021,000. Finally, Kepos Capital LP bought a new stake in FinTech Acquisition Corp. III during the 4th quarter valued at $1,400,000.

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FinTech Acquisition Corp. III Company Profile

FinTech Acquisition Corp. III intends to identify and evaluate assets or businesses with a view to completing a qualifying transaction. The company was founded in 2017 and is based in Philadelphia, Pennsylvania.

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