Federal Street Acquisition Corp.

Federal Street Acquisition Corp. (Nasdaq: FSAC) was a blank-check company formed to pursue a business combination in the financial-services sector. Sponsored by Federal Street-affiliated principals, the vehicle conducted its initial public offering in 2017 and subsequently reached a definitive merger agreement, filing a DEFM14A proxy statement with the SEC on October 10, 2018, to seek shareholder approval for the proposed transaction. The DEFM14A filing marked the company's de-SPAC phase, moving it from an operating trust toward a completed combination. FSAC's deal activity was characteristic of the mid-cycle SPAC vintage that accelerated deal timelines ahead of the 2018 market tightening. Visit SpacDesk and sign up for full access to FSAC's filing history, deal timeline, and sponsor track record data.