Cryptocurrency exchange Apifiny to go public on Nasdaq via SPAC deal

The digital asset trading platform Apifiny Group Inc announced its plan to list on Nasdaq via a merger with a SPAC-company Abri SPAC I. The deal is expected to close in Q3 2022, according to the press release.

The estimated enterprise value of the merged company is around $530 million. It is expected that Apifiny’s shareholders will contribute 100% of their equity to it.

“This merger […] will help accelerate our growth, as well as the development of digital asset markets,” said Haohan Xu, founder and CEO of Apifiny.

Apifiny is headquartered in New York. The company targets institutional clients.

In January, cloud mining service provider BitFuFu announced its intention to go public via a SPAC merger.

Earlier, Nasdaq listing was announced by InfiniteWorld, the developer of metaverse and NFT infrastructure.

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