Figure Acquisition Corp 1 / Undisclosed Bank 2022
Figure Acquisition Corp 1 acquired Undisclosed bank holding company on December 9, 2022.
- Target
- Undisclosed bank holding company
- Acquirer
- Figure Acquisition Corp 1
- Announced
- December 9, 2022
- Sub-sector
- Crypto / Digital Assets
Transaction overview
- Figure Acquisition Corp 1 announced the acquisition of Undisclosed bank holding company on December 9, 2022.
Strategic rationale
Combine bank's balance sheet and nationwide footprint with Figure's blockchain technology to enable digital asset loan origination and real-time trading.
Deal terms & multiples
Sources
- nationalmortgagenews.com /news/figure-affiliated-spac-plans-to-merge-with-mortgage-bank