Shares of FinServ Acquisition Corp. (FSRV) are currently gaining over 25% after the special purpose acquisition company announced merger with Katapult Holding Inc., an e-commerce focused financial technology company.
FSRV is currently trading at $13.17, up $2.72 or 26.03%, on the Nasdaq.
Upon closing of the merger, the combined company will operate as Katapult and plans to trade on Nasdaq under the new symbol "KPLT". The merger will create a combined company with enterprise value of about $1 billion.
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