NEW YORK, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Fusion Acquisition Corp. II today announced the pricing of its initial public offering of 43,500,000 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 “FSNB.U” beginning on February 26, 2021. Each unit consists of one share of Class A common stock and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants will be exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE under the symbols “FSNB” and “FSNB WS,” respectively.

Fusion Acquisition Corp. II is a blank-check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on businesses with an enterprise value of approximately $1.5 billion to $5 billion that are providing or changing technology within the fintech or wealth, investment and asset management sectors, or certain types of technology companies that lie adjacent to the fintech sector.

Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering. Odeon Capital Group, LLC is acting as lead manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 6,525,000 units at the initial public offering price to cover over-allotments, if any.