SPACInsider Logo
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 Kristi Marvin on 2023-03-25 at 12:14pm

Terms Tracker for the Week Ending March 24, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. While this week was relatively quiet on the filings front, we did see March’s second SPAC IPO price with Oak Woods Acquisition Corp’s $50 million...

by Marlena Haddad on 2023-03-24 at 5:40pm

Latest Non-Redemption Agreements: ExcelFin Acquisition Corp. ExcelFin Acquisition Corp. (XFIN) Adds Non-Redemption Agreement In connection with the special meeting of stockholders of ExcelFin Acquisition Corp. (NASDAQ:XFIN) to extend its completion deadline from April 25, 2023 to October 25, 2023, the company and its sponsor, ExcelFin SPAC LLC, entered into a non-redemption agreement with an unaffiliated third party....

by Marlena Haddad on 2023-03-24 at 11:33am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News:  Momentus SPAC backers accused of deliberately engineering a catastrophic deal  Momentus SPAC Backers Accused of Hiding Disastrous Deal’s Flaws A Momentus Inc. (NASDAQ:MNTS) investor sued backers of its blank-check merger with a shell company,...

by Nicholas Alan Clayton on 2023-03-24 at 7:20am

DiamondHead Holdings Corp. (NASDAQ:DHHC) announced in an 8-K this morning that its shareholders approved its combination with Great Southern Homes at a special meeting March 23. Only 109,426 shares were redeemed in the connection with the vote, but DiamondHead has seen about 87% redemptions in total across all previous votes, leaving it with about $43.9...

by Nicholas Alan Clayton on 2023-03-24 at 7:05am

Graf Acquisition Corp. IV (NYSE:GFOR) announced that it has signed a non-binding letter of intent to combine with clinical-stage biopharma company NKGen. This announcement is not a pure teaser as Graf IV is not facing an imminent extension vote and currently has until May 25 on its clock. It does, however, signal something of a...

Privacy Policy|Terms Of Use
Copyright © 2023 SPACInsider, Inc. All Rights Reserved