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Announced

Qenta to go public via a SPAC merger with Blockchain Coinvestors Acquisition I in a $622m deal.

Financials

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Transaction Value£540m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

fintech platform

De-SPAC

Acquisition

Private

Majority

FinTech

Reverse Takeover

Friendly

Pending

fintech

United States

Single Bidder

Synopsis

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Qenta, a fintech company, agreed to go public via a SPAC merger with Blockchain Coinvestors Acquisition I in a $622m deal. Qenta aims to replicate its patented digital assets solution for soft commodities, fiat currencies, and carbon offsets in multi-asset wallets and continues the geographic expansion of its payments and capital & risk management services through organic growth and acquisition within the fintech vertical.

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