Fintech Firm Qenta to Go Public Through SPAC Merger

📆 11/11/2022 01.49.00
📰 CoinDesk

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

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

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.

Tulis Komentar

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

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
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

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!
Sumber: WSJ - 🏆 98. / 63 Baca lebih lajut »