Fintech Acquisition Corp. II Shareholders Approve Business Combination
by Kristi Marvin on 2018-07-23 at 5:22pm

Fintech II Completes Merger with InterMex: To Be Renamed International Money Express, Inc.

Fintech Acquisition Corp. II, has released the results of its shareholder vote to approve FNTE’s previously announced merger transaction with Intermex Holdings II, Inc., a portfolio company of Stella Point Capital, LP.  The merged company will be renamed International Money Express, Inc. and is expected to continue to be listed on the Nasdaq Stock Market.

Total shares of common stock exercising redemption rights were 5,038,232.   The release did not give a pro rata per share amount for redemptions, but as of the most recent proxy filing estimate of $10.05, I would peg the total amount coming out of trust at roughly $51 million.  Additionally, $175.8 million was estimated to be held in trust, so that still leaves the company with approximately $125 million before closing fees and expenses (a condition to closing).


Fintech II expects the merger to close on July 26, 2018.  Results of the business combination vote are listed below and you can also find the results of the other proposals included in the vote here.

Congratulations to all.

  • Cantor Fitzgerald & Co., JMP Securities and Northland Securities, Inc. are acting as Capital Markets Advisors to FNTE
  • JMP Securities is also acting as Financial Advisor to FNTE
  • Ledgewood is acting as legal counsel to FNTE
  • Fried, Frank, Harris, Shriver & Jacobson LLP is acting as legal counsel to Intermex
  • Brenner Kaprosy Mitchell, LLP is acting as legal counsel to Intermex’s management


Recent Posts
by Marlena Haddad on 2023-12-07 at 10:38am

FG Merger III Corp. filed for a $150 million IPO yesterday afternoon, marking the third SPAC to file on Wednesday. Similar to Blue Room (NASDAQ:IBLUU), which filed its $200 million IPO yesterday morning, FG Merger III intends to focus its search for a target business in the financial services industry in North America. Notably, FG...

by Marlena Haddad on 2023-12-07 at 7:55am

10X Capital Venture Acquisition Corp. II (NASDAQ:VCXA) announced that it has completed its business combination with African Agriculture after shareholders approved the deal at a special meeting held on December 5. In connection with the meeting, 10X II received redemption requests for 1,857,033 Class A ordinary shares, representing 98.7% in aggregate redemptions since 10X II’s...

by Nicholas Alan Clayton on 2023-12-07 at 7:52am

At the SPAC of Dawn The latter half of 2023 has largely told a story of retrenchment in the SPAC market as much of the excess in the domain has found itself terminating and liquidating. But, the increase in outgoing has not completely canceled out the boom in incoming as three new SPACs filed to...

by Nicholas Alan Clayton on 2023-12-06 at 4:17pm

TechyBird Acquisition Corp. (NASDAQ:TKBD) filed for a $60 million IPO today, putting it in line to become the second 2023 IPO from an underwriter that is relatively new to the SPAC space. That underwriter, Spartan Capital Securities, brought Aimei Health Technology (NASDAQ:AFJK) to market last week with similar terms as this new member to its...

by Marlena Haddad on 2023-12-06 at 1:32pm

Blue Room Acquisition Corp. (NASDAQ:IBLUU) submitted its S-1 filing this morning for a $200 million IPO. The new SPAC has set its sights on targets in the financial sector, ranging in market value between $250 million and $500 million, and primarily situated in the U.S. Its primary objective is to identify an innovative company leveraging...


Copyright © 2023 SPACInsider, Inc. All Rights Reserved