SPAC

SPAC
FinTech Platform Qenta to Merge With SPAC Blockchain Coinvestors
November 10, 2022

FinTech platform Qenta and special purpose acquisition company (SPAC) Blockchain Coinvestors Acquisition (BSCA) have entered into an agreement to merge and list the combined company on the Nasdaq. The boards of directors of both companies have unanimously approved the transactions, the business combination is expected...

SPAC
Malaysian FinTech Super Apps Plans $1.1B SPAC Merger
October 19, 2022

Malaysian payments technology company Super Apps is set to go public in the United States via a special purpose acquisition company (SPAC) merger that values the firm at $1.1 billion. The company said in a news release Wednesday (Oct. 19) it will merge with Technology...

SPAC
$3.6B SPAC Merger Falls Apart for Blockchain Payments Startup Roxe
October 06, 2022

The public debut for blockchain payments startup Roxe has been scrapped after its special purpose acquisition company (SPAC) merger with Goldenstone Acquisition was mutually terminated. Since the move to end the agreement was equally decided by both parties, there are no termination fees, according to...

SPAC
SPAC Investors Prepare for Surge in Liquidations
September 04, 2022

Investors who put funds into blank check companies will likely see a liquidity boost of more than $75 billion in the next six months, as special purpose acquisition companies (SPACs) that went public during the listings boom will probably have to return their cash. The...

SPAC
Covalto to Become 1st Mexican FinTech on US Stock Market
August 18, 2022

Mexican digital banking platform Covalto is planning to go public via a special purpose acquisition company (SPAC) merger, a move that would make it the first Mexican FinTech to trade on the United States markets. The company’s deal to list on the Nasdaq puts it...

SPAC
Plastiq CEO: Capital From SPAC Deal Offers ‘Prudent’ Strategic Advantage
August 18, 2022

Not all that long ago, capital was a commodity, Eliot Buchanan, CEO of B2B payments platform Plastiq, told Karen Webster. The credit spigots were open. Interest rates were cheap, and many small- to medium-sized businesses (SMBs) could get buy on a mix of their owners’...

SPAC
Payments SPACs Face Reckoning as Clock Runs Out on Investment Deadlines
August 16, 2022

Tick. Tock. Or to quote a bit of T.S. Eliot — hurry up, please, it’s time. For special purpose acquisition companies (SPACs), raising cash the past few years has been easy. The hard part has always been getting the deal done — now, more so...

SPAC
Signs of Life but No Renaissance for Payments SPACs
August 05, 2022

In payments, the rebound in SPAC listings — if we can call it that — will likely be a short one. We wonder: Is the spate of recent headlines surrounding payments firms and FinTechs and other digital upstarts coming public via these once-blistering-got vehicles a...

SPAC
FinTech Seamless Group to Become Publicly Traded via SPAC, Expand Globally
August 04, 2022

Global FinTech platform Seamless Group will become publicly traded through a combination with special purpose acquisition company (SPAC) INFINT Acquisition Corp., the two companies announced in a Thursday (Aug. 4) press release.  The transaction values Seamless at an enterprise value of $400 million and aims...