Digital asset trading platform Apifiny Group Inc plans to go public on NASDAQ through a merger with SPAC Abri SPAC I (specializing in targeted mergers and acquisitions).
According to the press release, the deal is scheduled to close during the third quarter of 2022.
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The estimated value of the combined company will be about $530 million. Apifiny's shareholders are expected to invest 100% of their equity in Apifiny. Apifiny founder and CEO Haohan Xu said:
"This merger will enable Apifiny to accelerate growth and enhance its unique technology base offering."
Apifiny targets institutional investors.