FinServ Acquisition Corp. (FSRV) shares gained 4.15% to trade at $12.55 in after-market on Friday, May 7, 2021. Earlier, FSRV’s stock lost 3.60% to close Friday’s session at $12.05. FSRV shares have surged 23.23% over the last 12 months, and they have moved down 10.21% in the past week. Over the past three months, the stock has declined 27.01%, while over the past six months, it has added 21.23%.
On December 18, 2020, Katapult and FinServ Acquisition Corp. (NASDAQ: FSRV) entered into a definitive merger agreement. The combined company will operate as Katapult and plans to trade on Nasdaq under the new symbol KPLT.
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Let’s discuss its latest developments
On April 22, 2021, KatapultappointedTahmineh “Tammy” Maloney as General Counsel. Ms. Maloney is responsible for legal compliance throughout the company while working alongside Derek Medlin, Katapult’s COO.
Ms. Maloney has over seventeen years of experience in legal and advisory roles with experience in the fintech space and holds a Juris Doctorate from Georgetown University Law Center.
Partnership with Cybertron International
On April 15, 2021, Katapultsigned a partnership with Cybertron International, Inc, to provide its lease purchase options to Cybertron International.
Cybertron International consists of three sites built to offer through CLX, PC components from DiYPC, and business systems. Katapult’s lease-purchase solution provides consumers with no or developing credit a way to access Cybertron International’s branded products.
Participation in the investor conferences
Katapult Holding, Inc recently participated at the 2021 Wolfe Research Fintech Conference which held on Thursday, March 11, 2021. Chief Executive Officer, Orlando Zayas presented the company.
Katapult Holding also participated at the Northland SPAC Conference which held on January 20, 2021. Katapult and FinServ management both presented the company.
Merger with FinServ Acquisition Corp.
On December 18, 2020, Katapult Holding, Incand FinServ Acquisition Corp. entered into a definitive merger agreement. The transaction reflects an implied pro forma combined enterprise value for the company of approximately $1 billion.