US-based neobank MoneyLion’s merger with a special purpose acquisition company (SPAC) Fusion Acquisition Corp. to become a publicly listed company is coming to a close.
A special meeting of Fusion Acquisition Corp. shareholders will be held on 21 September 2021 in order to approve the proposed merger.
Upon closing of the transaction, the combined company will be named MoneyLion Inc. and will be listed on the NYSE under the new ticker symbol “ML.”
Dee Choubey, CEO and Founder of MoneyLion said,
“We are excited to reach this important milestone on our path to becoming a publicly-traded company. We look forward to successfully completing the proposed business combination so that we can continue to scale, innovate and grow aggressively to help even more Americans take control of their finances and achieve their life goals.”
John James, CEO of Fusion Acquisition Corp. said,
“The MoneyLion team has executed extremely well and is poised to scale even faster driven by the company’s tremendous momentum. We are excited to present the business combination to Fusion stockholders and look forward to partnering with MoneyLion through its next phase of growth.”
