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Covalto Heads to U.S. Bourse with Historic SPAC Acquisition

Covalto, a Mexican banking and digital services platform, will soon be listed on the Nasdaq stock exchange via a special purpose acquisition company. So reports Reuters.

The deal marks the first time a Mexican fintech company will publicly trade in the states. The entity will list at an implied "$547 million pro-forma enterprise value" that could yield up to $177 million in capital ahead of expenses.  

Read the full article from Reuters.

 

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