- FTAC Olympus Acquisition Corp. (FTOCU), a new blank check company, has priced its IPO of 75M units at a price of $10.00/unit, for gross proceeds of $750M.
- Each unit consists of one Class A ordinary share and 1/3rd of one warrant to purchase one Class A share at $11.50/share.
- Underwriters' overallotment is an additional 11,250,000 units.
- Trading commences August 26. Once the securities begin separate trading, Class A shares and warrants are expected to be listed under the symbols (FTOC) and (FTOCW), respectively.
- The closing date is August 28.