eToro Group intends to merge with Fintech Acquisition Corp.
eToro is a trading FinTech.
Fintech Acquisition Corp is a special purpose acquisition company (SPAC) which aims to take FinTech businesses public.
The merger is expected to list eToro’s securities on the Nasdaq.
What does this mean?
eToro and Fintech Acquisition Corp have announced their submission with the US Securities and Exchange Commission, and the business combination is expected to be confirmed in Q3 of this year.