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Bitcoin Fund Units Class A T.QBTC

The Bitcoin Fund (the Fund) is a Canada-based closed-ended investment fund. The investment objectives of the Fund are to seek to provide unitholders of the Fund with exposure to the digital asset bitcoin (bitcoin) and the daily price movements of the United States dollar price of bitcoin, and the opportunity for long-term capital appreciation. The Fund invests in long-term holdings of bitcoin, purchased from reputable bitcoin trading platforms and OTC counterparties, in order to provide investors with an alternative to a direct investment in bitcoin.


TSX:QBTC - Post by User

Post by insidersnoop1on Dec 16, 2020 2:29pm
136 Views
Post# 32120403

Anybody ever use Paysafe ?

Anybody ever use Paysafe ?Foley Trasimene Acquisition Corp. II BFT, -2.49%, a special purpose acquisition corporation, or SPAC, said Monday it has agreed to merge with Paysafe Group Holdings Ltd, a payments platform, in a deal with a pro-forma enterprise value of about $9 billion.

SPACs are companies that go public without having a business, and then acquire one or more.

Once the deal has closed, the new company will be renamed Paysafe and list on the New York Stock Exchange under the ticker "PSFE."

Paysafe operates a consumer and merchant payment network, enabling businesses and consumers to transact through payment processing, digital wallet and online cash systems.

The company has processed nearly $100 million of payment volume, Foley said in a statement. The deal is expected to close in the first half of 2021. Foley shares rose 12% premarket on the news.

LINK

https://www.marketwatch.com/story/spac-foley-trasimene-acqisition-to-merge-with-paysafe-in-deal-with-enterprise-value-of-about-9-billion-2020-12-07
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