eToro to go public via a $10.4B SPAC merger

Hassans' client eToro Group Ltd intends to go public via a merger with FinTech Acquisition Corp. V, a "special purpose acquisition company” (SPAC), led by Betsy Cohen. The merger is reportedly worth $10.4 billion and it is expected that once the merger is completed eToro Group Ltd will be a publicly listed company on the NASDAQ.

eToro X Limited (eToroX), a Gibraltar subsidiary of eToro Group Limited, is a fully regulated crypto asset exchange operating under the brand eToroX. eToroX is regulated by the Gibraltar Financial Services Commission having obtained its DLT Provider’s Licence towards the end of 2018. It was one of the first crypto asset service providers to be granted authorisation under Gibraltar's bespoke DLT regulatory framework.

As one of the most popular investment platforms and a strong proponent of the DLT industry, it is exciting to see eToro's continued growth.

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Yoni Assia, Chief Executive Officer of eToro: “Today marks a momentous milestone for eToro as we embark on our journey to become a publicly traded company with Betsy Cohen and the team at FinTech V. I want to express my gratitude for the passion, hard work, drive and determination of all of the eToro team members over the past 14 years who have helped make this a reality.” www.globenewswire.com/...