tZERO plans NYSE American listing in $350 million SPAC deal
In short
tZERO plans to go public in a $350 million SPAC deal. It wants to list on NYSE American under TZRO early next year.
This matters because it could bring the digital securities firm to the public market. The report does not say whether the deal is approved yet or exactly when it will close.
What the reporting says
Digital securities firm tZERO plans to go public in a $350 million SPAC deal and list on NYSE American under the ticker TZRO early next year. The company said it has spent more than a decade building blockchain-based trading infrastructure, according to the report. The filing status, closing date and whether regulators or investors have approved the deal are not stated.
Why it matters
tZERO plans to go public in a $350 million SPAC deal and list on NYSE American under the ticker TZRO early next year. The company is described as a digital securities firm that has spent more than a decade building blockchain-based trading infrastructure. The reporting does not say whether the merger has closed, who the SPAC sponsor is, or how investors responded.