INFINT Acquisition files amended form with SEC for business combination with Seamless Group
Apr 22, 2024•over 1 year ago
Acquiring Company
INFINT Acquisition
Acquired Company
Seamless Group
TorontoLendingFintechFinancial ServicesDescription
INFINT Acquisition has filed an amended Form S-4 with the SEC outlining its proposed business combination with Seamless Group, a global fintech platform. The terms of the deal include the SPAC issuing new shares and warrants, with aggregate consideration consisting of 40 million shares at $10 each. If approved by the SPAC’s shareholders, Seamless will be rebranded and is expected to trade on the Nasdaq, expanding its reach and operations.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed