FinTech Acquisition Corp. V (NASDAQ: FTCV), the blank-check company that previously inked a deal with retail broker eToro, is now dissolving and liquidating as it failed to materialize deals with any company for taking them public. The special purpose acquisition
Acquisition
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There are many ways to acquire or to take the acquisition of property and services. How Companies Utilize AcquisitionsIn finance, the term acquisition is most often used when referring to taking control of a company. An acquisition can be either an agreed deal or a hostile takeover. Companies also may acquire units of a company, property, or other assets. An acquisition is when one business, person, or company purchases most if not of another company’s shares to gain control of that company. Buying more than 50% of a target firm’s stock and other assets allows the acquirer to make decisions about the newly acquired assets without the approval of the company’s shareholders. In finance, there are several types of acquisitions that one speaks of when referring to Acquisitions and Mergers. A horizontal acquisition is when two companies come together with similar products/services. Conversely, a vertical acquisition means two companies join forces in the same industry, but they are at different points on the supply chain.Moreover, a conglomerate represents two companies in different industries join forces, or one takes over the other to broaden their range of services and products. Finally, a concentric acquisition occurs when companies will share customers but provide different services.
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There are many ways to acquire or to take the acquisition of property and services. How Companies Utilize AcquisitionsIn finance, the term acquisition is most often used when referring to taking control of a company. An acquisition can be either an agreed deal or a hostile takeover. Companies also may acquire units of a company, property, or other assets. An acquisition is when one business, person, or company purchases most if not of another company’s shares to gain control of that company. Buying more than 50% of a target firm’s stock and other assets allows the acquirer to make decisions about the newly acquired assets without the approval of the company’s shareholders. In finance, there are several types of acquisitions that one speaks of when referring to Acquisitions and Mergers. A horizontal acquisition is when two companies come together with similar products/services. Conversely, a vertical acquisition means two companies join forces in the same industry, but they are at different points on the supply chain.Moreover, a conglomerate represents two companies in different industries join forces, or one takes over the other to broaden their range of services and products. Finally, a concentric acquisition occurs when companies will share customers but provide different services.
Read this Term company (SPAC) will now return the $250 million it collected from investors.
As announced last Friday, the blank-check Company is going to close its business on 9 December. Its publicly listed shares will be deemed canceled and will represent only the right to receive the redemption amount.
FinTech Acquisition Corp. V is the SPAC of Betsy Cohen, a well-known financier and the Founder of Jefferson Bank and The Bancorp.
“The Company’s sponsors have agreed to waive their redemption rights with respect to their outstanding shares of Class B common stock issued prior to the Company’s initial public offering. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless,” the official press release stated.
The Collapse of a Merger Deal
SPAC inked a deal with eToro in March 2021 to take the Israeli retail broker public on an American stock exchange. The merger was initially valued at $10.4 billion but was later reduced by 15 percent to $8.8 billion.
However, that deal collapsed as the two companies failed to close before the deadline of 30 June as certain conditions, including those relating to the Company’s registration statement, were not met. The deal termination decision was also mutual, meaning neither company was liable to pay a termination fee.
The broker is now strengthening its offerings with the addition of regulatory licenses and acquisitions. It recently launched options trading services in the United States, only months after the $50 million acquisition of Gatsby, a commission-free options and stocks trading firm.
SPAC did not clarify if it sought deals with other companies looking to go public after the collapse of the eToro deal.
FinTech Acquisition Corp. V (NASDAQ: FTCV), the blank-check company that previously inked a deal with retail broker eToro, is now dissolving and liquidating as it failed to materialize deals with any company for taking them public. The special purpose acquisition
Acquisition
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There are many ways to acquire or to take the acquisition of property and services. How Companies Utilize AcquisitionsIn finance, the term acquisition is most often used when referring to taking control of a company. An acquisition can be either an agreed deal or a hostile takeover. Companies also may acquire units of a company, property, or other assets. An acquisition is when one business, person, or company purchases most if not of another company’s shares to gain control of that company. Buying more than 50% of a target firm’s stock and other assets allows the acquirer to make decisions about the newly acquired assets without the approval of the company’s shareholders. In finance, there are several types of acquisitions that one speaks of when referring to Acquisitions and Mergers. A horizontal acquisition is when two companies come together with similar products/services. Conversely, a vertical acquisition means two companies join forces in the same industry, but they are at different points on the supply chain.Moreover, a conglomerate represents two companies in different industries join forces, or one takes over the other to broaden their range of services and products. Finally, a concentric acquisition occurs when companies will share customers but provide different services.
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There are many ways to acquire or to take the acquisition of property and services. How Companies Utilize AcquisitionsIn finance, the term acquisition is most often used when referring to taking control of a company. An acquisition can be either an agreed deal or a hostile takeover. Companies also may acquire units of a company, property, or other assets. An acquisition is when one business, person, or company purchases most if not of another company’s shares to gain control of that company. Buying more than 50% of a target firm’s stock and other assets allows the acquirer to make decisions about the newly acquired assets without the approval of the company’s shareholders. In finance, there are several types of acquisitions that one speaks of when referring to Acquisitions and Mergers. A horizontal acquisition is when two companies come together with similar products/services. Conversely, a vertical acquisition means two companies join forces in the same industry, but they are at different points on the supply chain.Moreover, a conglomerate represents two companies in different industries join forces, or one takes over the other to broaden their range of services and products. Finally, a concentric acquisition occurs when companies will share customers but provide different services.
Read this Term company (SPAC) will now return the $250 million it collected from investors.
As announced last Friday, the blank-check Company is going to close its business on 9 December. Its publicly listed shares will be deemed canceled and will represent only the right to receive the redemption amount.
FinTech Acquisition Corp. V is the SPAC of Betsy Cohen, a well-known financier and the Founder of Jefferson Bank and The Bancorp.
“The Company’s sponsors have agreed to waive their redemption rights with respect to their outstanding shares of Class B common stock issued prior to the Company’s initial public offering. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless,” the official press release stated.
The Collapse of a Merger Deal
SPAC inked a deal with eToro in March 2021 to take the Israeli retail broker public on an American stock exchange. The merger was initially valued at $10.4 billion but was later reduced by 15 percent to $8.8 billion.
However, that deal collapsed as the two companies failed to close before the deadline of 30 June as certain conditions, including those relating to the Company’s registration statement, were not met. The deal termination decision was also mutual, meaning neither company was liable to pay a termination fee.
The broker is now strengthening its offerings with the addition of regulatory licenses and acquisitions. It recently launched options trading services in the United States, only months after the $50 million acquisition of Gatsby, a commission-free options and stocks trading firm.
SPAC did not clarify if it sought deals with other companies looking to go public after the collapse of the eToro deal.
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