INFINT Acquisition filed anamended Form S-4 with the SEC outlining its proposed business combination with Seamless Group, a global fintech platform.
Terms call for the SPAC to issue 10,580,104 new shares and 17,807,732 warrants. Aggregate consideration will consist of 40 million shares at $10 each.
The deal was announced in August 2022.
If the SPAC’s shareholders approve, Seamless will be rebranded and is expected to trade on the Nasdaq.
The Seamless banking platform operates in more than 150 countries. Read more.
