uri_nlp_ner_workshop/data/test_txt/13247.txt

exhibit {num} 
fintech acquisition corp . shareholders approve definitive merger agreement with cardconnect 
july {num} {num} {num} : {num} pm eastern daylight time 
new york-- ( business wire ) --fintech acquisition corp . ( nasdaq : fntc ) today announced that fntc's stockholders have voted to approve the merger of fntc with the parent of cardconnect , inc . ( the " merger " or " business combination proposal " ) at the special meeting of stockholders held today . over {num}% of the shares voted today were voted in favor of the transaction with cardconnect . fntc's board of directors had previously approved the business combination proposal and recommended that its stockholders vote in favor . cardconnect's board of directors and stockholders had also previously approved the merger . 
the merger is expected to close on friday , july {num} {num} subject to closing conditions . 
about the merger 
on march {num} {num} fntc and cardconnect announced the planned merger under which the parent of cardconnect would become the sole subsidiary of fntc . fntc acquired cardconnect for aggregate consideration of approximately ${num} million in cash and ${num} million in fntc common stock . the cash portion of the consideration was funded by a combination of cash held in trust by fntc , borrowings under a new ${num} million first lien credit facility and a ${num} million second lien secured credit facility , and ${num} million in equity financing . fntc will also repay approximately ${num} million in debt outstanding under cardconnect's existing credit facility upon closing of the merger . 
the description of the transaction contained herein is only a summary and is qualified in its entirety by reference to the merger agreement , a copy of which has been filed by fntc with the sec . 
advisors 
piper jaffray & co . acted as m&a advisor to fntc ; cantor fitzgerald & co . acted as capital markets advisor to fntc ; and ledgewood acted as legal counsel to fntc . financial technology partners lp and ftp securities llc ( together " ft partners " ) served as exclusive strategic and financial advisor to cardconnect in this transaction . kirkland & ellis llp acted as legal counsel to cardconnect in this transaction . 
about fintech acquisition corp . 
fintech 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 . in february {num} fntc consummated a ${num} million initial public offering ( the " ipo " ) of {num} million units , each unit consisting of one share of common stock and one redeemable common stock purchase warrant , at a price of ${num} per unit . simultaneously , fntc consummated the sale of {num} units at a price of ${num} per unit in a private placement that generated gross proceeds of ${num} fntc's securities are quoted on the nasdaq stock exchange under the ticker symbols fntc , fntcw and fntcu . 
the description of the transaction contained herein is only a summary and is qualified in its entirety by reference to the merger agreement , a copy of which was filed by fntc with the sec . 
forward-looking statements 
this press release contains " forward-looking statements " within the meaning of the " safe harbor " provisions of the private securities litigation reform act of {num} forward-looking statements may be identified by the use of words such as " anticipate " , " believe " , " expect " , " estimate " , " plan " , " outlook " , and " project " and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters . these statements are based on fntc's or cardconnect's management's current expectations and beliefs , as well as a number of assumptions concerning future events . 
such forward-looking statements are subject to known and unknown risks , uncertainties , assumptions and other important factors , many of which are outside fntc's or cardconnect's control that could cause actual results to differ materially from the results discussed in the forward-looking statements . these risks , uncertainties , assumptions and other important factors include , but are not limited to , ( 1 ) the occurrence of any event , change or other circumstances that could give rise to the termination of the agreement governing the merger ; ( 2 ) the inability to complete the merger due to failure of closing conditions ; and ( 3 ) the ability of the post-merger public entity to meet nasdaq's listing standards following the merger . additional factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in fntc's most recent annual report on form {num}-k and subsequently filed quarterly reports on form {num}-q and current reports on form 8-k , which are available , free of charge , at the sec's website at www . sec . gov . you are cautioned not to place undue reliance upon any forward-looking statements , which speak only as of the date made , and fntc and cardconnect undertake no obligation to update or revise the forward-looking statements , whether as a result of new information , future events or otherwise . 
contacts 
for fintech acquisition corp . : 
james j . mcentee , iii 
daniel g . cohen 
{num}-{num}-{num}