Core Viewpoint - Fortress Value Acquisition Corp. V successfully closed its initial public offering (IPO) and fully exercised its over-allotment option, raising a total of $287.5 million from the issuance of 28.75 million Class A ordinary shares priced at $10.00 each [1]. Group 1: IPO Details - The underwriter exercised its option to purchase 3,750,000 additional Class A ordinary shares, generating an extra $37.5 million in gross proceeds [1]. - The total issuance of 28,750,000 Class A ordinary shares resulted in gross proceeds of $287.5 million [1]. - The Class A ordinary shares began trading on the Nasdaq Global Market under the ticker symbol "FVAV" on February 26, 2026 [1]. Group 2: Underwriting and Registration - Deutsche Bank Securities Inc. acted as the sole underwriter for the offering [1]. - A registration statement for the securities became effective on February 25, 2026, in accordance with Section 8(a) of the Securities Act of 1933 [1].
Fortress Value Acquisition Corp. V Announces Closing of Fully-Exercised Over-Allotment Option in Connection with its Initial Public Offering