Fintech Firm Qenta to Go Public Through SPAC Merger

📆 2022-11-10 1:49 PM
📰 CoinDesk

⏱ Reading Time:
24 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Qenta, a fintech firm that tracks precious metals using blockchain technology, will be listed on Nasdaq following a SPAC deal with Blockchain Coinvestors Acquisition Corp. Reporting by oknightcrypto.

Both companies have unanimously approved the transaction, which is expected to be completed in the first half of 2023.

Once completed, the combined company will have an initial market cap will be approximately $904 million. Qenta also secured $180 million in capital from GEM Global Yield, a Luxembourg investment firm. GEM will provide Qenta with a share subscription facility for 48-months. Qenta has forayed into the digital asset space from precious metals, it focuses on digitizing transactions while offering provenance, custody and ownership tracking through blockchain technology.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shares of Truth Social merger partner fall after Trump's candidates underwhelm in midterm electionsShares of Truth Social- SPAC drop after Trump's candidates underwhelm in midterm election ETTD TheRickWilson dump trump
Source: CNBC - 🏆 12. / 72 Read more »

WSJ News Exclusive | Goldman Sachs, Eager to Grow Cards Business, Courted Credit-Card Technology FirmsExecutives of the Wall Street firm expressed interest in buying a fintech that could help it win more credit card programs. Loaded with apple calls! Biden bear market is over!
Source: WSJ - 🏆 98. / 63 Read more »