Megalith Financial Stockholders Approve BankMobile Merger

BankMobile Presentation

Megalith Financial Acquisition announced its stockholders voted in favor of the business combination with BankMobile Technologies. In connection with the meeting, 500 shares of Class A common stock were redeemed.

The combined company has a valuation of $140 million.

The parties said they currently expect the transaction to close Jan. 4. Read more.

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