Urban FT takes over troubled Digiliti Money
Digiliti Money will merge into Urban FT’s affiliate, FinTech Imaging Solutions.
Digiliti Money will merge into Urban FT’s affiliate, FinTech Imaging Solutions.
Digiliti Money (DGLT), which is in merger negotiations with Urban FT, is planning to delist from the Nasdaq, according to its most recent SEC filing.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Prospective buyer Urban FT, which first announced its desire to acquire mobile app technology company Digiliti Money (DGLT) on 16 August, reports that its revised offer for the company has been rebuffed. DGLT has been silent since 14 August when it announced the delay of its second-quarter earnings report, pending an internal investigation and floating […]
Prospective buyer Urban FT Inc. confirmed on Aug. 25 that it’s in “advanced negotiations” with Digitili Money regarding a “potential transaction that will see DGLT stave off potential bankruptcy proceedings.”
Digiliti Money may be able to breathe a bit easier with a new acquisition offer on the table after a tumultuous few weeks.