Fusion Acquisition Sets Vote Date on MoneyLion Merger

Fusion Acquisition

Fusion Acquisition in a filing said the SEC has declared effective its S-4 registration statement outling merger terms with financial platform MoneyLion. The SPAc scheduled a Sept. 21 meeting for shareholders to vote on the $2.4B deal.

If approved, the business combination will close Sept. 22, after which MoneyLion will be listed on the NYSE under new ticker symbol ML.

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.

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