Katapult Holdings, Inc., an e-commerce targeted monetary expertise firm, and FinServ Acquisition Corp. (“FinServ”), a particular objective acquisition firm, lately introduced that they’ve accomplished their beforehand introduced merger.
The enterprise mixture was accredited at a particular assembly of stockholders of FinServ on June 7, 2021, and closed at this time, June 9, 2021. The mixed firm now operates as Katapult Holdings, Inc. (“Katapult”) and Katapult’s frequent shares and warrants will start buying and selling on the Nasdaq Inventory Market underneath the ticker symbols “KPLT” and “KPLTW”, respectively, beginning tomorrow, June 10, 2021.
Katapult’s administration staff, led by CEO Orlando Zayas, will proceed to execute the expansion technique of the Firm. Brian Hirsch, Managing Accomplice at Tribeca Enterprise Companions and one of many unique traders in Katapult will function Chairman of Katapult’s newly shaped Board of Administrators.
Orlando Zayas, CEO of Katapult, acknowledged, “Taking our firm public is a testomony to the laborious work and dedication of the complete Katapult staff. We wish to thank the FinServ staff for his or her perception in our success, and we stay up for their continued partnership as stockholders and members of our Board. We’re thrilled to embark on this subsequent stage in our firm’s historical past and excited to see the alternatives forward of us for robust development and long-term worth creation.”
Lee Einbinder, CEO of FinServ, acknowledged, “We’re happy to finish the merger with Katapult, and I’m very excited to proceed to work with the Katapult staff to execute on their development plan. Katapult’s differentiated and best-in-class fintech platform, rising roster of high-quality service provider companions, and increasing buyer base make it well-positioned for a robust development trajectory.”
First Quarter 2021 Earnings Convention Name
Katapult will launch its first quarter ended March 31, 2021 monetary outcomes on Tuesday, June 15, 2021, earlier than market open. The corporate will host a convention name and webcast at 8:00 AM ET to debate the corporate’s monetary outcomes.
A stay audio webcast of the occasion shall be obtainable on the Katapult Investor Relations web site at http://ir.katapultholdings.com/.
A stay dial-in shall be obtainable at (888) 302-0680 (home) or (281) 962-4859 (worldwide). The convention ID quantity is 1591375. Shortly after the conclusion of the decision, a replay of this convention name shall be obtainable by way of 11:00 AM ET on June 29, 2021 at (855) 859-2056 (home) or (404) 537-3406 (worldwide). The replay passcode is 1591375.
About Katapult: Katapult (NASDAQ: KPLT) is the main omnichannel lease-purchase platform, offering various options for retailers and customers. As a monetary expertise firm, Katapult offers cutting-edge expertise that integrates seamlessly with on-line platforms, enabling our retail companions to increase their buyer base, improve transactions, and develop income. Katapult’s consumer-centric focus ensures an environment friendly software and approval course of whereas offering clear and tailor-made fee phrases. Katapult associates with lots of of shops throughout the USA, with service provider assist groups, advertising and marketing insights, and solutions for continued success. To see all of our new retail accomplice releases, go to Katapult’s News page. For extra data, click here.
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