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FG New America Acquisition Corp. Announces Closing of Underwriters’ Over-Allotment Option in Connection with its Initial Public Offering

ITASCA, Ill., Oct. 14, 2020 /PRNewswire/ — FG New America Acquisition Corp. (NYSE:FGNA) (the “Company”) today announced the closing of the issuance of an additional 1,275,000 units pursuant to the partial exercise of the underwriters’ over-allotment option in connection with the Company’s initial public offering. The additional units were sold at the initial offering price of $10.00 per unit, generating additional gross proceeds of $12,750,000 to the Company and bringing the total gross proceeds of the initial public offering to $237,750,000.

FG New America Acquisition Corp. 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 concentrate its efforts on identifying businesses in the insurance and financial services industry, with particular emphasis on …

Full story available on Benzinga.com

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