The boards of directors of both companies agreed to pull the plug on the tie-up.
The issuer of the second largest stablecoin announced that it would go public via the now-canceled SPAC back in July 2021.Many private companies choose to merge with SPACs, which are also called"blank check companies," instead of going public via a traditional IPO due to lower fees and other benefits.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spac deal for stablecoin issuer Circle collapsesSpecial purpose acquisition company Concord Acquisition Corp. undefined said Monday its deal to buy stablecoin issuer Circle Internet Financial has been...
Source: MarketWatch - 🏆 3. / 97 Read more »
Circle and SPAC Concord mutually terminate business combinationCircle and Concord Acquisition Corp mutually ended their proposed business combination after the deal 'timed out.' ValidGuru
Source: TheBlock__ - 🏆 464. / 53 Read more »
USDC issuer Circle terminates SPAC merger with ConcordBoth crypto business valuations and SPAC mergers have performed poorly this year. one more reason to use USDT
Source: Cointelegraph - 🏆 562. / 51 Read more »
Crypto's 'true believers' crave being all-in, all the time. Here's how they might learn to protect themselves.Bitcoin is down more than 60% this year, but the potential for stratospheric returns on cryptocurrencies can still be enticing. Temper your all-in mentality by setting goals – starting with these questions for yourself. Or avoid the pyramid scheme altogether.
Source: MarketWatch - 🏆 3. / 97 Read more »
Australian Crypto Exchange Swyftx Cuts 90 Jobs Amid Crypto WinterAustralian crypto exchange SwyftxAU has cut 90 jobs citing the crypto market downturn. By parikshitm899 SwyftxAU parikshitm899 They might go under. SwyftxAU parikshitm899 Is Bitfinex available in Australia? SwyftxAU parikshitm899 Crypto to the moon and the jobs
Source: CoinDesk - 🏆 291. / 63 Read more »
Crypto exchange Gemini trying to recover $900 million from crypto lender Genesis, Financial Times reportsCrypto broker Genesis and its parent company Digital Currency Group (DCG) owe customers of the Winklevoss twins' crypto exchange Gemini $900 million, the Financial Times reported on Saturday. Good luck with that 😭 Good luck with that
Source: Reuters - 🏆 2. / 97 Read more »