FinServ Acquisition Corp. (FSRV) Shareholders Approve Katapult Deal
by Marlena Haddad on 2021-06-08 at 6:24am

FinServ Acquisition Corp. (NASDAQ:FSRV) announced in an 8-K filing that its shareholders approved its combination with fintech lender Katapult Holdings with minimal redemptions at a special meeting yesterday.

Just 6,338 shares were redeemed in connection with the vote, removing $63,696 from FinServ’s trust, marking another in a string of positive votes for SPACs reaching the finish line over the past month and a half. About 78.6% of shares participated in the vote and the combination was approved nearly unanimously.

The transaction is now expected to close on June 9 with with the combined entity’s shares and warrants commencing trading on the Nasdaq under the symbols “KPLT” and “KPLTW”, respectively on June 10.

The parties initially announced their $993 million deal on December 18.  New York City-based Katapult provides point-of-sale (POS) lease-to-own options for ecommerce consumers buying durable goods.

Although all measures on FinServ’s ballot passed by wide margins, some corporate governance proposals received as many as 25% of votes against. For a full list of proposals and vote tallies, click HERE.


ADVISORS

  • PJT Partners is acting as financial advisor to Katapult.
  • DLA Piper LLP (US) is acting as legal counsel to Katapult.
  • Barclays is acting as financial advisor to FinServ.
  • Kirkland & Ellis is acting as legal counsel to FinServ.
  • Barclays and PJT Partners are acting as placement agents with respect to the private placement.
  • Barclays and Cantor Fitzgerald are acting as capital markets advisors to FinServ.
  • Paul Hastings LLP is acting as placement agent counsel.
FinServ Acquisition Corp. (FSRV) Shareholders Approve Katapult Deal
Recent Posts
by Nicholas Alan Clayton on 2025-07-14 at 12:51pm

Cayson Acquisition Corp. (NASDAQ:CAPN) has entered into a definitive agreement to combine with boutique investment firm Mango Financial for $300 million in equity consideration. Hong Kong-based Mango provides a range of M&A and equity capital markets advisory services to clients considering listings in China and the US. The combined company is expected to trade on...

by Nicholas Alan Clayton on 2025-07-14 at 11:13am

Trailblazer (NASDAQ:BLZRU) has filed for a $200 million SPAC to bring a first-time team to market with serial sponsor terms. The new SPAC is offering investors a 1/3 warrant in each unit and it is the first SPAC filed so far this month with 24 months on its initial transaction clock. All other July SPACs...

by Kristi Marvin on 2025-07-14 at 9:19am

This week, we speak with Kyivstar CEO Oleksandr Komarov about the company’s $2.2 billion dollar combination with Cohen Circle Acquisition Corp. I (NASDAQ:CCIR). Few companies have been had to forge themselves in the flames recently quite like Ukraine’s leading telecom and digital services provider Kyivstar. Now, Kyivstar is not only telling that story but pitching it to...

by Nicholas Alan Clayton on 2025-07-14 at 8:30am

At the SPAC of Dawn The market still has one full trading session before it adds Tuesday’s Core CPI reading and a variety of Fed comments to messaging it is already ingesting on US President Donald Trump’s ever-shifting tariff policy. SPACs are meanwhile continuing on with business as usual, with Cayson (NASDAQ:CAPN) announcing the third...

by Kristi Marvin on 2025-07-12 at 10:02am

Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved