Circle om publiek te gaan, with Bob-backed diamond spac deal-Boston firm gewaardeerd op $ 4.5 million

Boston-based crypto-finance company Circle said the company would be joining Concord Acquisition Corp. this year. he announced plans to go public through a merger with. Circle announced the news on Thursday, noting that the company expects to close the Q4 deal at a valuation of $ 4.5 billion.

Circle announces plans to announce spac deal
Circle, the payments technology company founded in 2013 by Sean Neville and Jeremy aller, plans to launch soon. The company is headquartered in Boston, Massachusetts and has been offering numerous services over the past eight years, most recently launching USD coin (USDC) with the Coinbase and Center Consortium.

For a short time Circle also owned Poloniex, which it later sold to the stock exchange, and Circle also sold the digital asset trading platform to Voyager Digital in February 2020. Circle was the first New York company to acquire BitLicense in September 2015, and the company now plans to merge its special purpose acquisition (SPAC) businesses.

The deal needs to be done by the fourth quarter of 2021, and Circle expects the company’s net valuation to be $ 4.5 billion. On Thursday, Circle CEO Jeremy aller discussed the issue on CNBC’s “Squok Box.”

Shaw aller said: “We just see an incredible opportunity to grow and grow rapidly around the world and we believe that this set of transactions and transformation into a public business has made us a trusted platform in this digital currency industry.”

Implementation and use of USDC grows exponentially
In another report, the deal is expected to send $ 691 million in revenue to the United venture. Circle also said that pipe (private investment in public capital) financing would also strengthen the company, and Daniel Lebb’s Third Point, ark Investment Management, Marshall ways and Fidelity Management &Research Co.he said it would come from companies like this.

Transcript for Circle discusses with U.S. Securities and Exchange Commission (SEC)

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