Fri. Mar 29th, 2024
market manipulation

It was announced by a US based ‘special purpose acquisition company’ (SPAC) called Foley Trasimene Acquisition Corp II that it has entered into a deal with London based Paysafe Group Holdings.

Paysafe Group Holdings is an online gambling payment processor company which will now make its debut in US markets after the deal between Foley and Paysafe for $ 9 billion US.

The firm will now be listed into New York Stock Exchange and will have ticker symbol PSFE.

According to report by CalvinAyre, the esistence of SPAC has made the listing process easier for various other iGaming companies such as DraftKings, Golden Nugget, Rush Street Interactive etc. in US.

Paysafe CEO Philip McHugh will retain his position after this merger.