On January 27, Apifiny, a global digital asset trading network based in New York, announced plans to go public by merging with a special purpose
acquisition
Acquisition
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There are many ways to acquire or to take the acquisition of property and services. How Companies Utilize AcquisitionsIn finance, the term acquisition is most often used when referring to taking control of a company. An acquisition can be either an agreed deal or a hostile takeover. Companies also may acquire units of a company, property, or other assets. An acquisition is when one business, person, or company purchases most if not of another company’s shares to gain control of that company. Buying more than 50% of a target firm’s stock and other assets allows the acquirer to make decisions about the newly acquired assets without the approval of the company’s shareholders. In finance, there are several types of acquisitions that one speaks of when referring to Acquisitions and Mergers. A horizontal acquisition is when two companies come together with similar products/services. Conversely, a vertical acquisition means two companies join forces in the same industry, but they are at different points on the supply chain.Moreover, a conglomerate represents two companies in different industries join forces, or one takes over the other to broaden their range of services and products. Finally, a concentric acquisition occurs when companies will share customers but provide different services.
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There are many ways to acquire or to take the acquisition of property and services. How Companies Utilize AcquisitionsIn finance, the term acquisition is most often used when referring to taking control of a company. An acquisition can be either an agreed deal or a hostile takeover. Companies also may acquire units of a company, property, or other assets. An acquisition is when one business, person, or company purchases most if not of another company’s shares to gain control of that company. Buying more than 50% of a target firm’s stock and other assets allows the acquirer to make decisions about the newly acquired assets without the approval of the company’s shareholders. In finance, there are several types of acquisitions that one speaks of when referring to Acquisitions and Mergers. A horizontal acquisition is when two companies come together with similar products/services. Conversely, a vertical acquisition means two companies join forces in the same industry, but they are at different points on the supply chain.Moreover, a conglomerate represents two companies in different industries join forces, or one takes over the other to broaden their range of services and products. Finally, a concentric acquisition occurs when companies will share customers but provide different services.
Read this Term company, Abri SPAC I. The transaction deal is expected to close in Q3 of 2022, and Apifiny would become a publicly traded company on the Nasdaq stock market. The transaction is set to give the combined company a valuation of $530 million, which includes up to $57 million in cash held in Abri’s trust account.
The Boards of both Abri and Apifiny have unanimously approved the proposed transaction.
Apifiny, which aims to develop a truly global digital asset trading network, considers that going public is just the start of the journey. The firm sees going public as a means of accelerating growth, becoming fully regulated and acquiring clients more rapidly.
According to the announcement, once the
merger
Merger
A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers differ from acquisitions, where the buy absorbed all the assets and liabilities of another. A purchase does not necessarily have to be friendly. One business or venture could simply buy up enough shares of a corporation to control it without the consent of its previous controllers, whereas a merger is usually by understanding. A merger is usually a decision by two companies to combine all operations, officers, structure, and other functions of the business. Who Benefits from Mergers?Mergers are meant to be mutually beneficial for the parties involved. In the case of two publicly-traded companies, a merger usually involves one company giving shareholders in the other its stock in exchange for surrendering the stock of the first company. The acquiring company continues to function, and the acquired company ceases to exist. This does not mean that the brand disappears. An example is when Kmart Holdings and Sears merged in 2004. The two corporations announced the combining Sears and Kmart into a significant new retail company named Sears Holdings Corporation. Sears Holdings is the nation’s third-largest retailer, with approximately $55 billion in annual revenues and a national footprint of nearly 3,500 retail stores in the United States. Both Kmart and Sears stores continued to operate under their brand names and identities. Kmart and Sears shareholders each approved the combination.
A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers differ from acquisitions, where the buy absorbed all the assets and liabilities of another. A purchase does not necessarily have to be friendly. One business or venture could simply buy up enough shares of a corporation to control it without the consent of its previous controllers, whereas a merger is usually by understanding. A merger is usually a decision by two companies to combine all operations, officers, structure, and other functions of the business. Who Benefits from Mergers?Mergers are meant to be mutually beneficial for the parties involved. In the case of two publicly-traded companies, a merger usually involves one company giving shareholders in the other its stock in exchange for surrendering the stock of the first company. The acquiring company continues to function, and the acquired company ceases to exist. This does not mean that the brand disappears. An example is when Kmart Holdings and Sears merged in 2004. The two corporations announced the combining Sears and Kmart into a significant new retail company named Sears Holdings Corporation. Sears Holdings is the nation’s third-largest retailer, with approximately $55 billion in annual revenues and a national footprint of nearly 3,500 retail stores in the United States. Both Kmart and Sears stores continued to operate under their brand names and identities. Kmart and Sears shareholders each approved the combination.
Read this Term deal is done, Apifiny would be supported by a strong board within financial advisory, the public service and technology sectors, including Tim Murphy, the former Deputy Director of the Federal Bureau of Investigation (FBI); Samuel Shen, the CEO of Vnet Group; Mads Jensen (Board Nominee), the Associate Professor in Finance at Copenhagen Business School and the Founding Partner at Jentzen & Partner; Denis Duncan (Board Nominee), the EVP and CFO at CapStar Financial Holdings, Inc; and Laurence Charney, the former partner of Ernst & Young.
Haohan Xu, the Founder and CEO at Apifiny, commented: “Today’s merger is a significant milestone toward creating value for our shareholders and one that will help accelerate our growth, as well as the growth of digital asset markets. We are proud to be joining forces with Abri, a team that brings years of capital markets expertise and experience operating and running both public and private companies. Together, we intend to create one unified global market for digital assets.”
Meanwhile, Jeffrey Tirman, the Chairman and CEO of Abri, added: “We are very pleased to support Apifiny’s transition to the public markets where our combined impact can accelerate value for our shareholders. Our team shares Apifiny’s vision that together we can meaningfully take steps to shape digital asset trading and the future of digital asset markets.”
How Apifiny Is Creating Products for Financial Markets
The announcement by Apifiny occurs at a time when the blockchain-based payments firm is continuing to work on building a unified, global digital asset trading network. The company believes that all traders and all institutions should have access to one, a global cryptocurrency trading marketplace that is fully compliant and highly cost-effective. However, several global traders with idle digital assets do not have a secure regulated custody solution.
In April last year, Apifiny obtained a US broker-dealer license from FINRA to enable the firm to make private investor placements on behalf of its clients and offer its customers additional financial products. In June 2020, the firm launched Roxe, a payment clearing and settlement network, to solve the value transfer problem by efficiently connecting the world’s systems, markets, scattered assets and banks across the globe to free asset transfer from the limitations of financial institutions. To date, Apifiny has partnered with more than 20 of the leading 100 global digital asset exchanges, including Blockchain.com, OKCoin, Kucoin, OKEx, Huobi Global, among others.
On January 27, Apifiny, a global digital asset trading network based in New York, announced plans to go public by merging with a special purpose
acquisition
Acquisition
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There are many ways to acquire or to take the acquisition of property and services. How Companies Utilize AcquisitionsIn finance, the term acquisition is most often used when referring to taking control of a company. An acquisition can be either an agreed deal or a hostile takeover. Companies also may acquire units of a company, property, or other assets. An acquisition is when one business, person, or company purchases most if not of another company’s shares to gain control of that company. Buying more than 50% of a target firm’s stock and other assets allows the acquirer to make decisions about the newly acquired assets without the approval of the company’s shareholders. In finance, there are several types of acquisitions that one speaks of when referring to Acquisitions and Mergers. A horizontal acquisition is when two companies come together with similar products/services. Conversely, a vertical acquisition means two companies join forces in the same industry, but they are at different points on the supply chain.Moreover, a conglomerate represents two companies in different industries join forces, or one takes over the other to broaden their range of services and products. Finally, a concentric acquisition occurs when companies will share customers but provide different services.
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There are many ways to acquire or to take the acquisition of property and services. How Companies Utilize AcquisitionsIn finance, the term acquisition is most often used when referring to taking control of a company. An acquisition can be either an agreed deal or a hostile takeover. Companies also may acquire units of a company, property, or other assets. An acquisition is when one business, person, or company purchases most if not of another company’s shares to gain control of that company. Buying more than 50% of a target firm’s stock and other assets allows the acquirer to make decisions about the newly acquired assets without the approval of the company’s shareholders. In finance, there are several types of acquisitions that one speaks of when referring to Acquisitions and Mergers. A horizontal acquisition is when two companies come together with similar products/services. Conversely, a vertical acquisition means two companies join forces in the same industry, but they are at different points on the supply chain.Moreover, a conglomerate represents two companies in different industries join forces, or one takes over the other to broaden their range of services and products. Finally, a concentric acquisition occurs when companies will share customers but provide different services.
Read this Term company, Abri SPAC I. The transaction deal is expected to close in Q3 of 2022, and Apifiny would become a publicly traded company on the Nasdaq stock market. The transaction is set to give the combined company a valuation of $530 million, which includes up to $57 million in cash held in Abri’s trust account.
The Boards of both Abri and Apifiny have unanimously approved the proposed transaction.
Apifiny, which aims to develop a truly global digital asset trading network, considers that going public is just the start of the journey. The firm sees going public as a means of accelerating growth, becoming fully regulated and acquiring clients more rapidly.
According to the announcement, once the
merger
Merger
A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers differ from acquisitions, where the buy absorbed all the assets and liabilities of another. A purchase does not necessarily have to be friendly. One business or venture could simply buy up enough shares of a corporation to control it without the consent of its previous controllers, whereas a merger is usually by understanding. A merger is usually a decision by two companies to combine all operations, officers, structure, and other functions of the business. Who Benefits from Mergers?Mergers are meant to be mutually beneficial for the parties involved. In the case of two publicly-traded companies, a merger usually involves one company giving shareholders in the other its stock in exchange for surrendering the stock of the first company. The acquiring company continues to function, and the acquired company ceases to exist. This does not mean that the brand disappears. An example is when Kmart Holdings and Sears merged in 2004. The two corporations announced the combining Sears and Kmart into a significant new retail company named Sears Holdings Corporation. Sears Holdings is the nation’s third-largest retailer, with approximately $55 billion in annual revenues and a national footprint of nearly 3,500 retail stores in the United States. Both Kmart and Sears stores continued to operate under their brand names and identities. Kmart and Sears shareholders each approved the combination.
A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers differ from acquisitions, where the buy absorbed all the assets and liabilities of another. A purchase does not necessarily have to be friendly. One business or venture could simply buy up enough shares of a corporation to control it without the consent of its previous controllers, whereas a merger is usually by understanding. A merger is usually a decision by two companies to combine all operations, officers, structure, and other functions of the business. Who Benefits from Mergers?Mergers are meant to be mutually beneficial for the parties involved. In the case of two publicly-traded companies, a merger usually involves one company giving shareholders in the other its stock in exchange for surrendering the stock of the first company. The acquiring company continues to function, and the acquired company ceases to exist. This does not mean that the brand disappears. An example is when Kmart Holdings and Sears merged in 2004. The two corporations announced the combining Sears and Kmart into a significant new retail company named Sears Holdings Corporation. Sears Holdings is the nation’s third-largest retailer, with approximately $55 billion in annual revenues and a national footprint of nearly 3,500 retail stores in the United States. Both Kmart and Sears stores continued to operate under their brand names and identities. Kmart and Sears shareholders each approved the combination.
Read this Term deal is done, Apifiny would be supported by a strong board within financial advisory, the public service and technology sectors, including Tim Murphy, the former Deputy Director of the Federal Bureau of Investigation (FBI); Samuel Shen, the CEO of Vnet Group; Mads Jensen (Board Nominee), the Associate Professor in Finance at Copenhagen Business School and the Founding Partner at Jentzen & Partner; Denis Duncan (Board Nominee), the EVP and CFO at CapStar Financial Holdings, Inc; and Laurence Charney, the former partner of Ernst & Young.
Haohan Xu, the Founder and CEO at Apifiny, commented: “Today’s merger is a significant milestone toward creating value for our shareholders and one that will help accelerate our growth, as well as the growth of digital asset markets. We are proud to be joining forces with Abri, a team that brings years of capital markets expertise and experience operating and running both public and private companies. Together, we intend to create one unified global market for digital assets.”
Meanwhile, Jeffrey Tirman, the Chairman and CEO of Abri, added: “We are very pleased to support Apifiny’s transition to the public markets where our combined impact can accelerate value for our shareholders. Our team shares Apifiny’s vision that together we can meaningfully take steps to shape digital asset trading and the future of digital asset markets.”
How Apifiny Is Creating Products for Financial Markets
The announcement by Apifiny occurs at a time when the blockchain-based payments firm is continuing to work on building a unified, global digital asset trading network. The company believes that all traders and all institutions should have access to one, a global cryptocurrency trading marketplace that is fully compliant and highly cost-effective. However, several global traders with idle digital assets do not have a secure regulated custody solution.
In April last year, Apifiny obtained a US broker-dealer license from FINRA to enable the firm to make private investor placements on behalf of its clients and offer its customers additional financial products. In June 2020, the firm launched Roxe, a payment clearing and settlement network, to solve the value transfer problem by efficiently connecting the world’s systems, markets, scattered assets and banks across the globe to free asset transfer from the limitations of financial institutions. To date, Apifiny has partnered with more than 20 of the leading 100 global digital asset exchanges, including Blockchain.com, OKCoin, Kucoin, OKEx, Huobi Global, among others.
Source: https://www.financemagnates.com/cryptocurrency/apifiny-announces-plans-to-go-public-via-merger-with-abri-spac-i/