Far Point Acquisition Corporation Announces Pricing of $550 Million Initial Public Offering of Securities

NEW YORK--(BUSINESS WIRE)--Far Point Acquisition Corporation (“Far Point” or the “Company”) announced today that it priced its initial public offering of 55,000,000 units at $10.00 per unit. Each unit issued in the initial public offering consists of one share of the Company's Class A common stock and one-third of one warrant. Each whole warrant is exercisable to purchase one share of the Company’s Class A common stock at a price of $11.50 per share. The Company has granted the underwriters a 45-day option to purchase up to 8,250,000 additional units to cover over-allotments, if any. The units have been approved for trading on the New York Stock Exchange (“NYSE”), beginning on Tuesday, June 12, 2018, under the symbol “FPAC.U”. Once the securities comprising the units begin separate trading, the Class A common stock and warrants will be traded on the NYSE under the symbols “FPAC” and “FPAC WS”, respectively.