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BM Technologies, Inc.

Completed deSPAC · 1 SPAC · 1 closed · 0 announced

Megalith Financial Acquisition Corp. (MFAC), sponsored by Megalith Capital Management, completed its initial public offering in 2019 as a blank-check company targeting the financial services sector. In August 2020, MFAC announced a business combination with BM Technologies, Inc., the digital banking and financial technology firm formerly operating as BankMobile, which had been spun off from Customers Bancorp. The transaction closed in January 2021, with the combined company listing on the NYSE American exchange under the ticker BMTX. The deal is now fully closed. For complete filing history, sponsor details, and deal analytics on MFAC and thousands of other SPACs, sign up for full data access at SpacDesk.

Announced
2020-08-06
Closed
2021-01-08
PIPE Raised
< $50M
Industry
Financial Services

SPAC Counterparty (1)

SymbolIssuerStatusAnnouncedCloseIPO SizePIPESponsor
MFACMegalith Financial Acquisition Corp.Closed2020-08-062021-01-08$169.3M$20.0MMFA Investor Holdings LLC, Chardan Capital Markets, LLC