eToro to terminate $10B SPAC merger in mutual agreement with acquisition firm

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

FinTech V and eToro friendly part ways after their planned SPAC deal was deemed 'impracticable.'

6 Questions for Yoni Assia of eToro - Cointelegraph Magazine

In comparison, Fintech V, which is traded on the Nasdaq exchange and whose sole purpose is to merge with a private company so the latter can"receive" public listing status, has about $250 million in cash held in trust. Nevertheless, Yoni Assia, co-founder and CEO of Toro, assured the public about the state of eToro's underlying business:

"Our balance sheet is strong and will continue to balance future growth with profitability. We ended Q2 2022 with approximately 2.7 million funded accounts, an increase of over 12% versus the end of 2021, demonstrating continued customer acquisition and retention rates that have been improving over time."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 562. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

WonderFi Closes Acquisition of Crypto Trading Platform Coinberry.WonderFi closed its acquisition of Canadian crypto trading platform CoinberryHQ and says more M&A may be forthcoming. mikeybellusci reports WonderFi CoinberryHQ mikeybellusci Dks 👀🧿 WonderFi CoinberryHQ mikeybellusci Multi play Game Studios Buyback🔥 marketcap 3 million $ Audit 100x Potential⚡ A strong community💪 A hardworking team⏰ games ready for release 🎮 WonderFi CoinberryHQ mikeybellusci dks
Source: CoinDesk - 🏆 291. / 63 Read more »

Hubble Spies a Galactic Gem: Unusual Multi-Armed Galaxy MergerGalaxy CGCG 396-2, an unusual multi-armed galaxy merger that lies around 520 million light-years from Earth in the constellation Orion, is captured in this stunning NASA/ESA Hubble Space Telescope observation. This observation is a gem from a citizen science project, known as the Galaxy Zoo proje
Source: SciTechDaily1 - 🏆 84. / 68 Read more »

Russia's Potanin ready to discuss possible Nornickel-Rusal mergerRussian businessman Vladimir Potanin, the largest shareholder at Nornickel , is ready to discuss a possible merger of the mining giant with aluminium producer Rusal amid Western sanctions, he said in an interview with RBC TV.
Source: Reuters - 🏆 2. / 97 Read more »

Pac-12 survival guide: Merger options include the obvious (Big 12) and the not-so-obviousThe resulting super-conference would give ESPN bicoastal markets and all the football inventory it could want. Oregon & Washington are going to bolt the first opportunity they get. It’s time to force their hand and join the Big12
Source: mercnews - 🏆 88. / 68 Read more »

Inside the industry: Can Land Rover address the reliability woes? | AutocarWill Land Rover's reliability issues threaten its impressive order bank? Jim_Holder feels the omens aren't good Jim_Holder I guess I cant read that if i have a mere autocar subscription? Jim_Holder Land Rover. There’s a reason you dont see these shit boxes in the Australian outback. They break down before they have even left the CBD. Jim_Holder I'll never touch one again after the CONSTANT issues we had with our new Discovery, and then finding out they were all common faults that LR knew about.
Source: autocar - 🏆 93. / 67 Read more »