Circle refuses to go public on the New York Stock Exchange at a valuation of $4,5 billion
The company has not received approval for a SPAC deal from the Securities and Exchange Commission
05.12.2022 - 15:15
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Under the terms of
"Circle plays a key role in the blockchain's disruption of financial services," said
Termination of the proposed business combination has been approved by the Board of Directors of both
"
Circle continues to build on its success and became profitable in the third quarter of 2022, with total revenue and reserve interest income of
Additional information regarding the termination of the transaction agreement for the proposed business combination is provided in a Current Report on Form 8-K filed by
About Circle
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is powering always-on internet-native commerce and payments and is the issuer of USD Coin (USDC) and Euro Coin (EUROC). Today, Circle's transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through the frictionless exchange of value.
About Concord Acquisition Corp
Concord Acquisition Corp is a special purpose acquisition company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the financial services or financial technology industries. It is sponsored by Concord Sponsor Group LLC, an entity affiliated with Atlas Merchant Capital LLC, an investment firm that offers debt and equity investment strategies, seeking long-term value through differentiated expertise in financial services and credit markets.
This material is taken from the website prnewswire.com.
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