BM Technologies, Inc.

MFAC Financial Inc. (Nasdaq: MFAC) is a blank check company that completed its initial public offering in 2018, targeting acquisitions in the financial technology and services sector. The company submitted an 8-K filing to the SEC on May 27, 2020, documenting a material corporate development during its active search for a business combination target. MFAC subsequently announced a merger with BM Technologies, Inc., the parent of BankMobile, a digital-first banking platform serving students and consumers nationwide; that transaction closed in January 2021, bringing MFAC's SPAC lifecycle to a close. Sign up at SpacDesk for full filing histories, deal timelines, and sponsor profiles across the SPAC market.