Fusion Acquisition Corp.
New York, New York – Delaware is where business legality resides
1 Common and a ½ Warrant
Seeking Companies worth 750M – 3Billion
They could loose $7M if they dont get a deal.
Target: Financial Technologies – Fintech
is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies aiming to make financial services more accessible to the general public. Financial technology companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies.
or those in the wealth, financial advice, investment, and asset management sectors. In addition, we intend to capitalize on the ability of our management team to identify, acquire, and manage a business in the financial services industry that can benefit from their experience and differentiated global network.
disruption and change in the delivery of financial services includes, among others, digital payments, digital advice (robo-advice), exchanges and trading platforms, the use of big data and artificial intelligence, cloud computing and digital assets.
As modelled by Aite Group, assets managed on digital investment platforms are set to increase from AUM of $343 billion in the third quarter of 2019 to $1.26 trillion by 2023. According to the Ernst & Young Global Capital Confidence Barometer, 89% of wealth and asset managers that responded to their surveys agreed that digital transformation will present them with opportunities to reposition their overall business strategy and reshape their portfolios. Of the executives surveyed,
recurring revenues, AKA Monthly Subscriptions
Fusion wants to acquire an established business it believes is fundamentally sound but potentially would benefit from the financial, operational, technological, strategic or managerial improvements that Fusion’s management team can provide.
will also look at earlier-stage companies that exhibit the potential to change the industries in which they participate, and which offer the potential of sustained high levels of revenue growth.
we anticipate that other target business candidates will be brought to our attention from various unaffiliated sources, including investment market participants, private equity funds and large business enterprises seeking to divest non-core assets or divisions.
Ross is recognized as a pioneer in the exchange-traded fund industry, and during his long career at State Street he helped bring to market such products as the SPDR S&P 500 ETF (SPY) and SPDR Gold Shares (GLD).
Jim is a financial product innovator and experienced director. He is currently a senior advisor to State Street and is best known for being the global Chairman of its SPDR exchange-traded funds’ business. He is an ETF pioneer and was instrumental in creating, developing, and bringing to market many of the world’s first ETFs, including ETFs in the U.S., Hong Kong and Australia. These included the SPDR S&P 500 ETF (NYSE: SPY), the first U.S. ETF and largest ETF in the world today, as well as the first gold ETF (NYSE: GLD).
Chief Financial Officer
Jeff’s significant financial services experience has covered M&A, portfolio management, corporate boards, private equity and SPACs. He was a Senior Portfolio Manager for 22 years at BlackRock, AIG and Avenue where he helped launch 10 new investment businesses including the BlackRock Capital BDC (BKCC), also sitting on the Investment Committee. He was a Co-Portfolio Manager for a fund at BlackRock which won CreditFlux’s 2007 “Best Credit Hedge Fund” award. While at Avenue Capital, he won the HFM US Performance Award for “Best 40 Act – Alternative” in 2013 and 2014. He is currently a board member and advisor to five companies including three fintech companies.
Kelly is a successful asset management executive with international board experience, fiduciary expertise, and a proven track record of driving cross-enterprise transformation initiatives. She spent more than 30 years at State Street where she was most recently a Senior Vice President in Global Services. Her previous leadership roles at SSGA included Head of Public Policy and Governance, Head of Asia ex-Japan, and building and leading the fiduciary business. She is currently a principal of Fiduciary Resolutions, a fiduciary advisory and consulting firm.
Massive Backgrounds in Robo Adviser -Automated Portfolio Managers – Robo-advisors or robo-advisers are a class of financial adviser that provide financial advice or investment management online with moderate to minimal human intervention. They provide digital financial advice based on mathematical rules or algorithms.
Speculation of acquired target?
https://www.coinbase.com/ – Coinbase, the leading U.S.-based cryptocurrency exchange, recently raised $300 million at a valuation of $8 billion. Armstrong’s stake in the company is worth a reported $1.3 billion, according to Forbes.
But that valuation is to high, There is only one I know right now, that could afford that and that would JWS –
Still could be you never know, maybe the current evaluation is way less?
There are many other Alternatives to CoinBase that it could easily be too.
Some sort of ETF?
With the back grounds of ETF’s creation I think it would be amazing if they could do a new ETF :
Possibly Crypto, or even an automation etf?
Y’all have any ideas?
The winner of the Real money Silver Coin 500 subscriber giveaway is:
The bigger this channel gets the more we will be giving away
Me and some good friends of mine have discord channel that we are still in development mode. So Ill put the link to our channel in the description so join there and then just search for octopusmoneymultipliers and send me a direct message with your name and shipping info And I’ll get this out as soon as possible
NEWS for tomorrow to watch!
LCA – Golden Nugget
Got approved for MI
FEAC ( guys who did Draft Kings ) –
Sportradar RUMOR – They are the official betting data partner of the major US sports leagues, and the US betting market represents a significant future growth opportunity.
That’s not the end of the chatter. Hershey notes, given the dearth of SPACs with the resources to do a deal with a company like Sportradar, the field could potentially include Flying Eagle Acquisition Corp. (NYSE:FEAC). That blank-check firm is backed by the same investors that facilitated the aforementioned DraftKings deal. Hershey is simply speculating on that point and not making a recommendation regarding a specific security.