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 |