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BM Technologies (Megalith Financial Acquisition) Priced, NYSE: BMTX

Blank check company formed by Megalith Capital to acquire a financial services or fintech business (completed 1/5/2021).

Industry: SPAC

First Day Return: +0.2%

Industry: SPAC

We intend to employ a pro-active acquisition strategy focused on identifying potential business combination targets within both the fintech and financial services industries that are fundamentally sound, but where we believe we can be a catalyst to accelerating growth. Our acquisition strategy will seek to capitalize on the significant financial services, financial technology, banking, M&A, operational expertise, and contacts of both our management team and our board. Our management team's ability to add value from both an operating and a financing perspective has been a key driver of past performance and we believe will continue to be central to its differentiated acquisition strategy. We believe that the long track record of Executive Chairman Jay Sidhu in leading publicly traded companies that have outperformed the market at 3, 5, 10, and 15 year benchmarks will be a key differentiator for potential combination targets. We believe that our management team is well positioned to identify acquisition opportunities through their relationships in the fintech, financial services, and banking industries. We expect that private equity and venture capital firms, management teams in the fintech, financial services, and banking industries, and investment bankers are all likely to provide us with potential combination targets.
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IPO Data
IPO File Date 07/20/2018
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 15.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/23/2018
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $150
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters New York, NY, United States
Founded 2017
Employees at IPO 3
Website www.megalithcapital.com

BM Technologies (Megalith Financial Acquisition) (BMTX) Performance