Megalith Financial (MFAC) to Combine with BankMobile

Megalith Financial (MFAC) to Combine with BankMobile

Megalith Financial Acquisition Corp (MFAC) announced this morning that they have entered into a definitive merger agreement with BankMobile Technology for an enterprise value of $140 million. The combined entity will be known BM Technologies and expects to list on the NYSE at the transaction’s closing in 4Q20. BankMobile is a subsidiary of New York
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