.jerallaire says that the company still intends to go public in the future despite scrapping the SPAC deal
The boards of directors of both companies agreed to pull the plug on the tie-up.
The issuer of the second largest stablecoin announced that it would go public via the now-canceled SPAC back in July 2021.Many private companies choose to merge with SPACs, which are also called"blank check companies," instead of going public via a traditional IPO due to lower fees and other benefits.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Spac deal for stablecoin issuer Circle collapsesSpecial purpose acquisition company Concord Acquisition Corp. undefined said Monday its deal to buy stablecoin issuer Circle Internet Financial has been...
Leer más »
Circle and SPAC Concord mutually terminate business combinationCircle and Concord Acquisition Corp mutually ended their proposed business combination after the deal 'timed out.'
Leer más »
USDC issuer Circle terminates SPAC merger with ConcordBoth crypto business valuations and SPAC mergers have performed poorly this year.
Leer más »
Crypto's 'true believers' crave being all-in, all the time. Here's how they might learn to protect themselves.Bitcoin is down more than 60% this year, but the potential for stratospheric returns on cryptocurrencies can still be enticing. Temper your all-in mentality by setting goals – starting with these questions for yourself.
Leer más »
Australian Crypto Exchange Swyftx Cuts 90 Jobs Amid Crypto WinterAustralian crypto exchange SwyftxAU has cut 90 jobs citing the crypto market downturn. By parikshitm899
Leer más »
Crypto exchange Gemini trying to recover $900 million from crypto lender Genesis, Financial Times reportsCrypto broker Genesis and its parent company Digital Currency Group (DCG) owe customers of the Winklevoss twins' crypto exchange Gemini $900 million, the Financial Times reported on Saturday.
Leer más »