FTCV

Fintech Acquisition Corp. V Stock Price

NasdaqCM:FTCV Community·US$343.9m Market Cap
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FTCV Share Price Performance

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US$0
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Price US$0

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Snowflake Analysis

Slightly overvalued with questionable track record.

3 Risks
2 Rewards

Fintech Acquisition Corp. V Key Details

US$0

Revenue

US$0

Cost of Revenue

US$0

Gross Profit

-US$17.1m

Other Expenses

US$17.1m

Earnings

Last Reported Earnings
Sep 30, 2022
Next Reporting Earnings
n/a
0.50
0%
0%
-8.2%
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About FTCV

Founded
2019
Employees
n/a
CEO
Daniel Cohen
Website
n/a

Fintech Acquisition Corp. V does not have significant operations. It intends to focus on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination, with one or more businesses in the financial technology industry. The company was incorporated in 2019 and is based in Philadelphia, Pennsylvania.

Recent FTCV News & Updates

Seeking Alpha Jun 30

Online crypto brokerage EToro said to terminate deal to go public through a SPAC

Online crypto brokerage EToro and the SPAC that's taking it public are expected to let the deadline for their merger agreement to expire. The termination date for the $8.8 billion deal with Betsy Cohen's FinTech Acquisition Corp. V (NASDAQ:FTCV) was set to expire Thursday, according a report from The Information. FTCV had agreed in March 2021 to take stock- and cryptocurrency-trading platform eToro public via a SPAC merger, but the deal has reportedly run into regulatory problems as well as the stock market's volatility and plunge in crypto. The digital broker originally postponed the deal's completion date from the third quarter to Q4 of last year. Tel Aviv-based EToro primarily competes with Coinbase (COIN) as a consumer crypto-trading platform, but also offers stock-market trading similar to that of Robinhood Markets (HOOD). Wall Street originally embraced FTCV and eToro’s planned merger, with FinTech Acquisition Corp. V shares (FTCV) rallying 42.8% on the deal’s announcement. This is another SPAC that hasn't worked out for Cohen. Cohen's SPAC FTAC Athena Acquisition (FTAAU) terminated its agreement to take financial-connectivity firm Pico public at about a $1.8B valuation in late February.

Recent updates

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