Item 8.01. Other Events.
On June 28, 2021, FinTech Acquisition Corp. VI (the "Company") consummated the
sale of 25,000,000 units (the "Units") in its initial public offering (the
"IPO"). Each Unit consists of one share of the Company's Class A common stock,
par value $0.0001 per share ("Common Stock"), and one fourth of one warrant
(each, a "Warrant"), where each whole Warrant entitles the holder to purchase
one share of Common Stock for $11.50 per share, subject to adjustment as
provided in the Company's registration statement on Form S-1, initially filed
with the Securities and Exchange Commission on February 24, 2021 (File
No. 333-253422). The Units were sold in the IPO at an offering price of $10.00
per Unit for gross proceeds of $250,000,000 (before underwriting discounts and
commissions and offering expenses). The Company granted the underwriters in the
IPO (the "Underwriters") a 45-day option to purchase up to 3,300,000 additional
Units solely to cover over-allotments, if any (the "Over-Allotment Option"); and
on June 23, 2021, the Underwriters notified the Company that they were partially
exercising the Over-Allotment Option for 3,000,000 Units and waiving the
remainder of the Over-Allotment Option. As a result of the Underwriters'
determination not to fully exercise the Over-Allotment Option, certain of the
Company's initial stockholders forfeited an aggregate of 100,000 shares of the
Company's Class B common stock.
On June 28, 2021, simultaneously with the consummation of the IPO, the Company
consummated the issuance and sale ("Private Placement") of 690,000 Units (the
"Placement Units") in a private placement transaction at a price of $10.00 per
Placement Unit, generating gross proceeds of $6,900,000. The Placement Units
were purchased by Cantor Fitzgerald & Co. (110,000 Units) and one of the
Company's sponsors, FinTech Investor Holdings VI, LLC (580,000 Units).
A total of $250,000,000 of the net proceeds from the IPO and the Private
Placement (which includes approximately $10.6 million of the Underwriters'
deferred discount) were placed in a trust account established for the benefit of
the Company's public stockholders at JP Morgan Chase Bank, N.A., with
Continental Stock Transfer & Trust Company acting as trustee.
An audited balance sheet as of June 28, 2021 reflecting receipt of the proceeds
upon consummation of the IPO and the Private Placement has been issued by the
Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Audited balance sheet as of June 28, 2021.
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FINTECH ACQUISITION CORP. VI 