The Dot com crazy-ness
A blank-check company formed for the purpose of acquiring or merging with one or more businesses or entities in the financial technology industry, today announced it has completed its initial public offering of 10,000,000 units at $10.00 per unit, for gross proceeds to the Company of $100,000,000. The Company's units are listed on the Nasdaq Capital Market under the symbol "FNTCU" and began trading on February 13, 2015. Each unit consists of one share of the Company's common stock and one warrant to purchase one share of common stock at an exercise price of $12.00 per share. Once the securities comprising the units begin separate trading, the shares of common stock and warrants are expected to be traded on the Nasdaq Capital Market under the symbols "FNTC" and "FNTCW," respectively.
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