Major owner of FinTech Acquisition Corp. IV just picked up 4,506,446 shares

Masala Advisors Fintech, a major owner of FinTech Acquisition Corp. IV, recently acquired 4,506,446 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on June 24, 2021. Fintech now owns 4,506,446 shares of the company. Fintech operates out of Philadelphia, PA. Some additional info was provided as follows:


On June 24, 2021 (the "Closing Date"), Perella Weinberg Partners (f/k/a FinTech Acquisition Corp. IV) (the "Issuer") completed the business combination (the "Business Combination") contemplated by that certain Business Combination Agreement, dated as of December 29, 2020, by and among the Issuer, FinTech Investor Holdings IV, LLC ("Holdings"), FinTech Masala Advisors, LLC ("Masala "), PWP Holdings LP ("PWP OpCo"), PWP GP LLC, PWP Professional Partners LP, and Perella Weinberg Partners LLC.
(Continued from Footnote 1) In connection with the Business Combination, on the Closing Date, upon consummation of the Business Combination, each of the Issuer's outstanding shares of Class B Common Stock automatically converted into one share of Class A Common Stock. However, pursuant to that certain Sponsor Share Surrender And Share Restriction Agreement, dated as of December 29, 2020, by and among the Issuer, Holdings, Masala, and PWP OpCo, as amended, concurrent with the consummation of the Business Combination, these shares of Class B Common Stock were forfeited to the Issuer immediately prior to the Business Combination.
In connection with the Business Combination, on the Closing Date, each of the Issuer's outstanding shares of Class B Common Stock automatically converted into one share of Class A Common Stock.
Represents shares transferred from the reporting person to Holdings pursuant to certain side letters by and among certain members of Holdings and the reporting person.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

FinTech Acquisition Corp.: Andrew Bednar Appointed Ceo Of Perella Weinberg Partners; - Sept. 26, 2022
Unregistered Sales of Equity - Sept. 7, 2022
Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities - Sept. 7, 2022
FinTech Acquisition Corp. IV director just declared 0 restricted shares - Sept. 7, 2022
FinTech Acquisition Corp. IV director just disposed of 358 shares - Aug. 31, 2022

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