E-commerce financial technology company Katapult and FinServ Acquisition today announced that they have closed their previously announced merger. The business combination was approved at a June 7 meeting of FinServ stockholders.
The combined company operates as Katapult Holdings. Katapult’s common shares and warrants begin trading tomorrow, June 10, on the Nasdaq under KPLT and KPLTW.
Total consideration paid to Katapult’s existing shareholders was expected to be $833 million. The transaction reflects an implied pro forma combined enterprise value of approximately $1 billion. Read more.
