Circle scraps proposed SPAC deal with Concord
Termination of the merger was approved by the board of directors of both Concord and Circle.
Termination of the merger was approved by the board of directors of both Concord and Circle.
The funding round is expected to close in the second quarter of 2022.
The firm says it will operate under the supervision of US financial regulators.
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The combined company plans to float on the New York Stock Exchange (NYSE).
The company claims the funds will allow it to meet “significant global demand”.
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