Fortress Value Acquisition V, the sixth blank check company by executives at Fortress Investment Group, filed on Tuesday with the SEC to raise up to $250 million in an initial public offering.
The New York, NY-based company plans to raised $250 million by offering 25 million shares at $10. Unlike most SPACs, the company is offering shares, instead of units with warrants and/or rights attached.
Fortress Value Acquisition V is led by Chairman Andrew McKnight, who serves as a co-CEO and Managing Director at Fortress Investment Group. He is joined by co-CEOs Andrew Stroud and Micah Kaplan, who both serve as Managing Directors at Fortress Investment Group, as well as CFO John Konawalik, the CAO of Fortress Investment Group.
Management's previous SPACs include Fortress Value Acquisition IV (formerly NYSE: FVIV.U) and Fortress Value Acquisition III (formerly NYSE: FVT.U), which both liquidated in 2022, as well as Fortress Value Acquisition II, which merged with ATI Physical Therapy (formerly NYSE: ATIP) in 2021, and Fortress Value Acquisition I, which merged with MP Materials (NYSE: MP; +523% from $10 offer price) in 2020.
The New York, NY-based company was founded in 2025 and plans to list on the Nasdaq under the symbol FVAV. Fortress Value Acquisition V filed confidentially on December 23, 2025. Deutsche Bank is the sole bookrunner on the deal.
