eToro Abandons Stock Market Deal as Merger with SPAC Falls Through | CoinMarketCap

"eToro's underlying business remains healthy, our balance sheet is strong and will continue to balance future growth with profitability," the company says.The exchange was due to merge with a special purpose acquisition company — otherwise known as a SPAC — called FinTech Acquisition Corp. V.

FinTech V's chairman Betsy Cohen said she was "disappointed" that the deal couldn't go ahead — and said this was because of factors that were outside of their control. Wishing the exchange continued success, she added: "While this may not be the outcome that we hoped for when we started this process, eToro's underlying business remains healthy, our balance sheet is strong and will continue to balance future growth with profitability."

intercrone metronix

good

Bitgert

United States United States Latest News, United States United States Headlines

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

Asian Stock Market: Mix on cautious market mood, DXY flat ahead of Fed minutes, oil slipsMarkets in the Asian domain are displaying mixed responses to falling S&P 500 futures in the Asian session. Friday’s gains in Wall Street were expecte
Source: FXStreetNews - 🏆 14. / 72 Read more »

One boring stock quietly hits all-time high as bear market ragesThis food manufacturer recently impressed Wall Street with an earnings beat, and appeals to investors with its strong dividend yield.
Source: CNBC - 🏆 12. / 72 Read more »

5 Things to Know Before the Stock Market Opens TuesdayHere are the most important news items that investors need to start their trading day.
Source: NBCDFW - 🏆 288. / 63 Read more »

Short Sellers Pull Back on Their Bets Against the Stock MarketShort sellers are easing off their bets of pain ahead in the stock market: Total U.S. short selling increased by $20 billion in June, down from a $61 billion increase in May and less than most months in 2022 Lol you still need ppl to bid not cover their shorts Bet they're happy today.
Source: WSJ - 🏆 98. / 63 Read more »