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Cryptocurrency exchange Apifiny will enter the Nasdaq through a SPAC deal

Cryptocurrency exchange Apifiny will enter the Nasdaq through a SPAC deal

Digital asset trading platform Apifiny Group Inc announced it will enter the Nasdaq exchange through a merger with SPAC-company Abri SPAC I. The transaction is expected to close in Q3 2022, according to a press release.

The tentative estimated value of the combined company is $530 million, and Apifiny shareholders are expected to invest 100 percent of their capital in it.

"This merger [...] will help accelerate our growth as well as the development of digital asset markets," said Apifiny founder and CEO Haohan Xu.

Apifiny is headquartered in New York City. The company is focused on institutional-level clients.

As a reminder, in January, cloud mining provider BitFuFu announced its intention to go public by merging with SPAC-company.

InfiniteWorld, a developer of infrastructure for meta-universes and NFT, had previously announced that it would go public on Nasdaq.

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