FinServ Acquisition Corp - Ordinary Shares - Class A

NASDAQ:FSRV   3:59:43 PM EDT
11.13
-0.24 (-2.11%)
Mergers / Acquisitions, Equity Financing / Related, Initial Public Offerings

Katapult To Become A Publicly Traded Company Through Merger With Finserv Acquisition Corp.

Published: 12/18/2020 17:39 GMT
FinServ Acquisition Corp - Ordinary Shares - Class A (FSRV) - Katapult to Become a Publicly Traded Company Through Merger With Finserv Acquisition Corp.
Finserv Acquisition Corp - Transaction Values Katapult at a Pro Forma Enterprise Value of Approximately $1 Billion.
Finserv Acquisition Corp - Transaction Includes $150 Million Fully Committed Pipe From Investors Led by Tiger Global Management & Neuberger Berman Funds.
Finserv Acquisition Corp - Combined Company Will Operate As Katapult and Plans to Trade on Nasdaq Under New Symbol "kplt".
Finserv Acquisition Corp - Total Consideration Paid to Katapult's Existing Shareholders Will Be $833 Million.
Finserv Acquisition Corp - Katapult's Current Equity Holders Will Own About 50% of Pro Forma Co, Assuming No Cash Redemption.
Finserv Acquisition - Cash Components of Deal to Be Funded by Finserv's Cash in Trust of $250 Million & $150 Million Private Placement of Common Stock.
Finserv Acquisition Corp - Balance of Consideration to Katapult's Equity Holders Will Consist of Equity in Combined Co.