Daily Market Updates: MoonPay to acquire North Capital in all-stock deal worth over $60 million

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MoonPay to acquire North Capital in all-stock deal worth over $60 million

The all-stock transaction is valued at more than $60 million and is still pending regulatory approval.

Reported · Written up by our desk · Market Structure

MoonPay has agreed to buy North Capital in an all-stock deal, according to sources cited by CoinDesk.

The transaction is worth more than $60 million, and it remains subject to regulatory approval.

The deal structure means MoonPay shareholders would receive the acquisition consideration in stock rather than cash, based on the terms described by CoinDesk sources.

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Sources

The DefiantMoonPay Agrees to Buy North Capital, Adding Securities Infrastructure

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MoonPay to acquire North Capital in all-stock deal worth over $60 million

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Sources

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