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Fees related to special purpose acquisition company (SPAC)

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) Futu's financing interest rate is the same as the margin rate applicable to all HK margin accounts, which is 6.8% per annum. 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 0.0085% * 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