Press Release

Morgan Lewis Advises FinTech Acquisition Corp. in Combination Agreement with eToro

March 16, 2021

NEW YORK, March 16, 2021: Morgan Lewis is advising FinTech Acquisition Corp. V (FinTech V), a publicly traded special purpose acquisition company (SPAC), in a definitive combination agreement with eToro Group Ltd., a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of successful investors.

Upon closing of the transaction, the combined company will operate as eToro Group Ltd. and is expected to have an estimated implied equity value of approximately $10.4 billion and be listed on Nasdaq.

Morgan Lewis partners Todd Hentges, Kevin Shmelzer, and Tim Rupp, and of counsel Jeff Letalien, assisted by partner Doug Kingston and associates Matthew Riehle, Robert Powers, Natalie Dundas, Fannie Law, and Randall Bentley, are representing FinTech V.

For more, read the announcement.