Fortress Value IPO over-allotment lifts deal to $287.5M

Got story updates? Submit your updates here. ›

Fortress Value Acquisition Corp. V announced that the underwriter exercised in full its option to purchase up to 3,750,000 newly issued Class A ordinary shares to cover over-allotments, generating additional gross proceeds of $37,500,000. Following the full exercise of the over-allotment option, the total aggregate issuance by the company of 28,750,000 Class A ordinary shares at a price of $10.00 per share resulted in gross proceeds of $287,500,000.

Why it matters

The successful IPO and over-allotment exercise demonstrates strong investor demand for Fortress Value Acquisition Corp. V, a special purpose acquisition company (SPAC) focused on identifying and acquiring a business in the technology, media, and telecommunications sectors.

The details

Fortress Value Acquisition Corp. V is a SPAC that went public on the Nasdaq Global Market on February 26, 2026 under the ticker symbol 'FVAV'. The company's initial public offering was for 25,000,000 Class A ordinary shares at $10.00 per share, raising $250,000,000. The underwriter, Deutsche Bank Securities Inc., then exercised its over-allotment option to purchase an additional 3,750,000 shares, bringing the total gross proceeds to $287,500,000.

• Fortress Value Acquisition Corp. V's Class A ordinary shares began trading on the Nasdaq Global Market on February 26, 2026.
• The company's registration statement relating to the securities became effective on February 25, 2026.