Circle’s valuation doubles to $9B following revised merger agreement with Concord

) operator Circle has seen its valuation double to $9 billion after the company revised its merger agreement with Concord Acquisition Corp, a special purpose acquisition company founded in 2020.Thursday that it had terminated its previous business combination terms with Concord and reached a new agreement that is expected to be finalized by December 8, 2022, with the possibility of it being extended to January 31, 2023.

“It was clear that the original deal would not be closed within the time parameters of the original business combination agreement . As part of the negotiation to extend the deal, the value of Circle was updated to reflect improved financial performance and the competitive position of USDC, along with a new initial outside date, December 8, 2022.”becoming a publicly-traded company

once the business merger is finalized and a new company is designated. That new company will acquire both Circle and Concord and become a publicly-traded business to be listed on the New York Stock Exchange under the ticker symbol “CRCL.” “[A]lthough we continue to work diligently toward completion of this transaction, the timing will ultimately depend on many factors outside of our control, including the SEC’s review of our registration statement on form S-4,” the spokesperson said.

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Circle, the company behind the USDC stablecoin, doubles valuation to $9 billion in updated SPAC dealCircle, the firm behind the stablecoin USDC, has doubled its valuation to $9 billion after a new deal with blank-check company Concord Acquisition Corp. If you are looking for where to learn and invest with little start-up capital then contact MarkBromfield00 is the man I recommend for you, contact him and tell him what you need, nothing is too good to be true, he is legit true as I was refer to him too It's very easy learning and investing with MarkBromfield00 and I think you need to invest with him cause he's trust worthy and keep to his words about your profit, so far so good we have not make losses with MarkBromfield00... No extra charges hidden while trading
Source: CNBC - 🏆 12. / 72 Read more »

Circle, the company behind the USDC stablecoin, doubles valuation to $9 billion in updated SPAC dealCircle, the firm behind the stablecoin USDC, has doubled its valuation to $9 billion after a new deal with blank-check company Concord Acquisition Corp. If you are looking for where to learn and invest with little start-up capital then contact MarkBromfield00 is the man I recommend for you, contact him and tell him what you need, nothing is too good to be true, he is legit true as I was refer to him too It's very easy learning and investing with MarkBromfield00 and I think you need to invest with him cause he's trust worthy and keep to his words about your profit, so far so good we have not make losses with MarkBromfield00... No extra charges hidden while trading
Source: CNBC - 🏆 12. / 72 Read more »