In this video, Lincoln discusses the approved merger of the SPAC $IPOE and SoFi along with what happens next for the stock and its warrants.

Press Release:
"May 28, 2021 – Social Finance, Inc., a leading next-generation financial services platform, and Social Capital Hedosophia Holdings Corp. V (NYSE: IPOE) (“SCH”), a publicly traded special purpose acquisition company, today completed their previously announced transaction to take SoFi public. The transaction forms a leading, publicly traded consumer-focused financial technology platform named SoFi Technologies, Inc. (“SoFi” or the “Company”). The combined company is expected to start trading on The Nasdaq Global Select Market (“Nasdaq”) on June 1, 2021 under the new ticker symbol “SOFI” for SoFi common stock and “SOFIW” for SoFi warrants.

SoFi raised approximately $2.4 billion in cash proceeds from the transaction to fuel growth, market expansion and development of new product offerings, as well as accelerate the Company’s plans to expand geographically and build the first digital one-stop-shop for members to borrow, save, spend, invest and protect their money. SCH shareholders approved the transaction at a general meeting on May 27, 2021. CEO Anthony Noto and SoFi’s management team will continue to lead the combined company."

🤑 Get started investing with a free stock from Robinhood: [ Ссылка ]
See your 2020 Robinhood recap here: [ Ссылка ]


🧠 Here are more videos on the related knowledge:
- My $255,000 Growth Stock Portfolio: [ Ссылка ]
- What are stocks? [ Ссылка ]
- Robinhood Crash Course - Start Investing With $1: [ Ссылка ]
- How Does Robinhood Make Money? [ Ссылка ]
- How to Protect Your Robinhood Account: [ Ссылка ]
- Yes, Stocks Go Down: [ Ссылка ]
- What are warrants? [ Ссылка ]
- What are Special Purpose Acquisition Companies (SPAC)? [ Ссылка ]
- Why are SPACs big deals for retail investors? [ Ссылка ]
- What are the dangers of SPAC warrants? [ Ссылка ]
- Why I'm Investing $29,000 in $SBE Chargepoint: [ Ссылка ]


☘️ Join our Private Patreon Community:
If you would like to support the channel, get priority answers from me, and help me grow Bull Academy, you can become a patron at [ Ссылка ]

Sources:
- Press Release of Merger Closing [ Ссылка ]

-----------------------------------------------------

🤑 Get started investing with a free stock from Robinhood: [ Ссылка ]

🙏🏾 Thanks for watching [ Ссылка ] with Lincoln W Daniel
----------------------------------------------------
DISCLAIMER: This and all of my videos are for entertainment purposes only. My statements are my opinions and should not be accepted as financial advice.

свернуть