|Bid||17.05 x 1000|
|Ask||17.27 x 800|
|Day's Range||15.41 - 18.03|
|52 Week Range||9.20 - 19.65|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The end of 2020 may be in sight but that isn’t stopping more and more SPAC merger news from coming out. Source: Shutterstock.com More and more special purpose acquisition companies (SPAC) are signing merger deals with private companies that will take them public. 2020 has been a good year for these and that hasn’t changed yet. Just this week there have been five companies announcing plans to go public via a SPAC merger. Let’s take deeper dive into the latest SPAC merger news from InvestorPlace this week.InvestorPlace - Stock Market News, Stock Advice & Trading Tips No. 1: Tokopedia SPAC Merger News SPAC: Bridgetown Holdings (NASDAQ:BTWN) Private Company: Tokopedia Shares of BTWN stock got a boost this week on news of a SPAC merger with Tokopedia. Interested investors can learn more at this link. No. 2: Indie Semiconductor SPAC Merger News SPAC: Thunder Bridge (NASDAQ:THBR) Private Company: Indie Semiconductor The plans here will have Indie Semiconductor joining the Nasdaq Exchange under the INDI stock ticker. You can follow this link for more details. No. 3: Blade SPAC News SPAC: Experience Investment (NASDAQ:EXPC) Private Company: Blade Electric Vertical Take-Off and Landing (eVTOL) transportation company Blade announced plans to go public with Experience Investment help. Investors can learn more about that by checking gout this brief. No. 4: BarkBox SPAC Merger News SPAC: Northern Star Acquisition (NYSE:STIC) Private Company: BarkBox BarkBox, a subscription service offering treats and toys for dog owners, is going public next year via a SPAC merger with Northern Star Acquisition. You can learn more about it here. No. 5: Katapult SPAC Merger News SPAC: FinServ Acquisition (NASDAQ:FSRV) Private Company: Katapult Katapult signed a deal just today that will have it merging with FinServ to join the public market, which is good news for major shareholder Curo Group (NYSE:CURO). Investors that want to know more about the plans can follow this link. Past Weeks’ Top SPAC Merger News Top SPAC Merger News This Week: Canoo, XL Fleet, Microvast and 10 More Hot SPACs Top SPAC Merger News This Week: Innoviz, Arrival, Luminar, View, QuantumScape, Stem and More On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets The post Top SPAC Merger News This Week: Tokopedia, Indie Semiconductor, Blade and More Hot SPACs appeared first on InvestorPlace.
Katapult is on its way to becoming a publicly-traded company thanks to a merger with special purpose acquisition company (SPAC) FinServ Acquisition (NASDAQ:FSRV). Source: Natee Meepian / Shutterstock.com Here’s what investors interested in the Katapult SPAC merger need to know before the company’s goes public. Katapult is a financial tech company that offers e-commerce point-of-sale for nonprime U.S. customers. The company’s offerings include goods from a range of e-commerce retailers. The SPAC merger will have the new company taking on the Katapult name. When the deal closes, the new company will also change from FSRV to the new KPLT ticker. The merger is also good news for Curo Group Holdings (NYSE:CURO), which owns a 40% stake in Katapult. As of this writing, CURO stock is on the rise with more than 30 million shares having changed hands. To put that in perspective, the company’s daily average trading volume is only about 154,000 shares. 7 Growth Stocks You Don't Want to Sleep On The Katapult SPAC merger values the company at $1 billion. The deal will provide it current shareholders with $325 million of cash consideration. It will also add another $50 million to the company’s balance sheet. This money comes from FinServ’s$250 million cash in trust and a $150 million private investment in public equity (PIPE). The Boards of Directors of both Katapult and FinServ have given their unanimous support to the SPAC merger. Now, it just needs to complete other customary closing conditions, including getting approval from FSRV shareholders. So long as there are no issues with this, the two companies expect the deal to close in the first half of 2021. FSRV stock was up 26.5% and CURO stock was up 83.1% as of noon Friday.InvestorPlace - Stock Market News, Stock Advice & Trading Tips On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets The post CURO Stock: 14 Things to Know About FinServ (FSRV) and the Katapult SPAC Merger appeared first on InvestorPlace.
What happened Shares of CURO Group Holdings (NYSE: CURO) soared more than 85% Friday morning, and remained up 76% as of 10:45 a.m. EST. A merger announcement between fellow financial company Katapult Holding and special purpose acquisition company (SPAC) FinServ Acquisition (NASDAQ: FSRV) is the reason.