Greenberg, Goodwin Steer SPAC Deal For $4.5B Fintech Circle
Law360 (July 8, 2021, 12:44 PM EDT) -- Blockchain-based payments company Circle will go public at an enterprise value of $4.5 billion by merging with a special purpose acquisition vehicle, the companies said Thursday, in a transaction built by respective legal advisers Goodwin Procter LLP and Greenberg Traurig LLP.
The deal features Boston-based Circle Internet Financial Ltd. being combined with New York-based special purpose acquisition company Concord Acquisition Corp., and the resulting entity will trade on the New York Stock Exchange under the ticker symbol CRCL, the companies said in a statement.
Circle's payment technology aims to allow businesses to use both blockchain-based payments and traditional financial systems. It...
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