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New Deal


Announced

Apifiny terminated a $530m merger with Abri SPAC I.

Financials

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Transaction Value£392m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Merger

Acquisition

FinTech

Private

trading services

Domestic

Single Bidder

Majority

United States

De-SPAC

Reverse Takeover

Failed

Synopsis

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Apifiny, a global digital asset trading network, terminated a $530m merger with Abri SPAC I, a SPAC. “Today’s merger is a significant milestone toward creating value for our shareholders and one that will help accelerate our growth, as well as 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,” Haohan Xu, Apifiny Founder and CEO. On July 25, 2022, Apifiny terminated a $530m merger with Abri SPAC I.

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