Apifiny merger: 7 things to know as crypto exchange plans public debut

3 min read | January 28, 2022 07:44 AM EST | By Raza Naqvi

Apifiny merger: 7 things to know as crypto exchange plans public debut — Image source: © Demidovichphotostock | Megapixl.com

Apifiny SPAC merger: Key details

1. According to the company statement, stockholders of Apifiny will roll 100 per cent of their equity into the merged entity.

2. Apifiny is looking to go public as it will help the crypto exchange accelerate its growth plans and improve its unique technology.

Apifiny SPAC merger ©2022 Kalkine Media®

3. Reports claim that both the companies' boards of directors have nodded to the merger proposal. However, it is essential to note that the deal will still require approval from regulatory authorities and investors in Abri SPAC I.

4. The money from the SPAC merger is expected to be used for corporate purposes, growth, and working capital.

5. Apifiny is looking to make its public debut on Nasdaq.

6. It is expected that the additional information about the deal and a copy of the merger agreement and relevant documents will be filed by Abri with the Securities and Exchange Commission (SEC).

7. Both the companies have agreed that the combined company will meet all listing requirements of Nasdaq.

Bottom line

Blockchain technology and cryptocurrency have become popular over the years and have given investors stellar returns. However, it is worth mentioning that the cryptocurrency market is highly volatile.

Those who are sceptical of the crypto market could focus on Apifiny stock to get exposure to the digital assets but not invest directly in the market.

Also Read: Source Rock Royalties IPO: How to buy Calgary-based SRR stock?

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