Bridgetown Holdings in an 8-K said its shareholders voted in favor of merging with fintech MoneyHero.
The SPAC said redemptions ahead of the vote removed $56.5 million from the trust. That left Bridgetown with slightly less than $100 million.
The SPAC announced the merger agreement with MoneyHero in May at a pre-money enterprise value of $200 million and an equity value of approximately $198 million.
The transaction is expected to close tomorrow. MoneyHero shares and warrants are expected to begin trading Oct. 13 on the Nasdaq under the ticker symbols MNY and MNYWW.
Bridgetown is backed by Richard Li and Peter Thiel.
Founded in 2014 and dual-headquartered in Singapore and Hong Kong, MoneyHero Group, formerly known as Hyphen Group or CompareAsia Group, is a personal finance aggregation and comparison company operating in Singapore, Hong Kong, Taiwan, the Philippines and Malaysia. Read more.
