Relevant fees are charged based on the entire operation process of a SPAC.
SPAC IPO stock subscription
Subscription method | Type of fee | Amount |
Ordinary subscription(in cash, or on margin with Futu) | Subscription handling fee | 2% * allotment amount |
Margin interest (if applicable) | The annualized interest rate for subscription on margin with Futu is the same as that for a HK margin account (current annualized interest rate of 6.8%). For details, please refer to the description of margin interest on subscription. If margin is used, margin interest must be paid regardless of whether you are an allottee. |
SFC transaction levy, FRC transaction levy, trading fee | 0.00785% * allotment amount |
Annual general meeting
Type of fee | Amount |
Annual general meeting related fee | Attend, or authorize a third party to attend, annual general meetings (up to 1 person). Or entrust Futu Securities to vote as a proxy.Administration fee: 50 HKD per application. |
Post-listing stock swap, forward stock split, and redemption
Type of fee | Amount |
Redemption fee (voluntary application) | 1000 HKD per transaction |
Warrant exercise fee (voluntary application) | 1000 HKD per transaction |
Post-merger stock swap fee (company action) | Free |