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MoneyLion To Go Public Following Deal With Fusion Acquisition Corp. – Wealth Tech Digest #60

Key takeaways

✅ MoneyLion To Go Public Following Business Combination With Fusion Acquisition Corp.

​​For today’s digest, it is official — MoneyLion will begin trading on the NYSE under the ticker symbol “ML”. MoneyLion Inc. is an award-winning, data-driven, digital financial platform. Recently, it announced that it has closed its previously announced business combination with Fusion Acquisition Corp. The transaction was approved at a special meeting of Fusion’s stockholders on September 21, 2021. The combined company will be renamed “MoneyLion Inc.” and will be led by its existing management team. Its shares of Class A common stock and public warrants are expected to begin trading on the New York Stock Exchange. “Today marks an incredible milestone for MoneyLion,” said Dee Choubey, co-founder and CEO of MoneyLion. On top of that, John James, CEO of Fusion, commented: “The MoneyLion team has positioned the business extremely well for future scale”. MoneyLion’s new board of directors will be composed of ten directors, nine of whom are independent directors.

 

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