Relevant fees are charged based on the entire operation process of a SPAC.
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 |
Type of fee | Amount | ||
Annual general meeting related fee |
Attend, or authorize a third party to attend, annual general meetings (up to 1 person). |
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 |