By Stephen Nakrosis
Special purpose acquisition company DHC Acquisition Corp. and financial technology company With Purpose Inc., which does business as GloriFI, said Monday they entered a business combination deal that will see GloriFi become a publicly-traded company.
GloriFi said it is a “a pro-freedom, pro-America, pro-capitalism technology company” that will offer financial services. Toby Neugebauer, the company founder and chief executive, said “consumers today overwhelmingly want to do business with companies who share their values.”
Following the close of the deal, the combined company stock will potentially trade on the Nasdaq, the companies said, adding they requested the ticker symbol GLRI.
The proposed deal, which is expected to close in the first quarter of next year, would provide about $279 million to GloriFi’s balance sheet, the company said.
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Credit: www.marketwatch.com /