Digital financial platform MoneyLion and Fusion Acquisition announced today they entered into a definitive agreement for a business combinatrion.
The combined company would have an estimated post-transaction enterprise value of $2.4 billion with an estimated equity value of $2.9 billion from the contribution of up to $526 million in cash proceeds from the transaction, net of debt paydown and expenses.
Proceeds consist of up to $350 million of cash held in Fusion’s trust and an additional $250 million fully committed PIPE at $10 per share led by funds and accounts managed by BlackRock, certain funds managed by affiliates of Apollo Global Management.
MoneyLion is a consumer-focused mobile banking, lending, and investment platform. Read more.
