NEW YORK--(BUSINESS WIRE)--Fortress Capital Acquisition Corp., a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its upsized initial public offering of 35,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange and trade under the ticker symbol “FCAX.U” beginning January 13, 2021. Each unit consists of one of the Company’s Class A ordinary shares and one-fifth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one of the Company’s Class A ordinary shares at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the New York Stock Exchange under the symbols “FCAX” and “FCAX WS,” respectively.

Led by Chairman and Chief Executive Officer Michael Nierenberg, the Company expects to focus on financial services related businesses, including, but not limited to, services and technology businesses that provide support to the financial services sector.

Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC. are serving as the underwriters for the offering. The Company has granted the underwriters a 45-day option from the date of the final prospectus to purchase up to an additional 5,000,000 units to cover the purchase of additional units, if any.