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Megalith Economic Acquisition Corp. Stockholders Approve Business Combination with BankMobile Technologies, Inc.

NEW YORK, NY, Dec. 21, 2020 (World NEWSWIRE) — Megalith Money Acquisition Corp. (the “Company” or “MFAC”) (NYSE American: MFAC, MFAC.W, MFAC.U), a particular function acquisition business, right now held its previously introduced specific assembly of stockholders (the “Special Meeting”). In connection therewith, the Company’s stockholders voted in favor of all proposals, including the proposed business mix amongst the Organization and BankMobile Systems, Inc., a Pennsylvania company (“BankMobile”) (the “Proposed Transaction”). In link with the Distinctive Meeting, 500 shares of Class A widespread stock have been redeemed.

To make sure economic efficiency, the parties now count on the Proposed Transaction to close on January 4, 2021.

About Megalith Fiscal Acquisition Corp.

Megalith Monetary Acquisition Corp. is a blank check out organization incorporated in Delaware for the intent of effecting a merger, cash stock exchange, asset acquisition, inventory purchase, reorganization or very similar small business mixture with one particular or extra companies, with a emphasis on the fintech or monetary expert services industries. MFAC consummated its preliminary public giving on the NYSE in August 2018 and is listed underneath the image “MFAC.” Extra information can be identified on its web site at http://www.megalithfinancial.com.

Additional Information and facts and The place to Discover It

This communication is remaining built in regard of the Proposed Transaction. The Organization submitted with the Securities and Exchange Fee (the “SEC”) a preliminary proxy statement on September 21, 2020 (the “Preliminary Proxy Statement”), a registration statement on Form S-4 (File No. 333-249815) on November 3, 2020, as amended on November 18, 2020 and December 9, 2020 (the “Registration Statement”) (which consists of a prospectus (the “Prospectus”) and the Preliminary Proxy Statement, as amended), and a final Prospectus on December 11, 2020 (the “Final Prospectus,” and jointly with the definitive proxy assertion, dated December 11, 2020, integrated therein, the “Definitive Proxy Statement”) in relationship with the Proposed Transaction, and will file other files concerning the Proposed Transaction with the SEC. Before making any investment selection, buyers and stockholders of the Enterprise are urged to cautiously go through the Registration Statement and the Definitive Proxy Assertion, and other related paperwork filed with the SEC, because these kinds of paperwork will comprise important facts about the Business, BankMobile and the Proposed Transaction. The Enterprise commenced mailing the Definitive Proxy Assertion to its stockholders on December 11, 2020. Stockholders may well also acquire copies of the Definitive Proxy Statement, devoid of cost, at the SEC’s internet site at www.sec.gov or by directing a request to: Megalith Financial Acquisition Corp., 535 Fifth Avenue, 29th Floor, New York, New York 10017.

Non-Solicitation

The disclosure herein is not a proxy assertion or solicitation of a proxy, consent or authorization with regard to any securities or in respect of the Proposed Transaction and shall not represent an offer to offer or a solicitation of an offer you to obtain the securities of MFAC, nor shall there be any sale of any this sort of securities in any point out or jurisdiction in which this sort of present, solicitation, or sale would be illegal prior to registration or qualification underneath the securities rules of these types of state or jurisdiction. No supply of securities shall be made besides by suggests of a definitive document.

Forward On the lookout Statements

This release may perhaps include “forward-on the lookout statements” inside the this means of the Private Securities Litigation Reform Act of 1995 that involve dangers and uncertainty. Phrases such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” and “project” and other very similar phrases and expressions are meant to signify forward-hunting statements.  Forward-searching statements are not assures of foreseeable future outcomes and circumstances but relatively are topic to various pitfalls and uncertainties.  Such statements are dependent on management’s current anticipations and are issue to a number of dangers and uncertainties that could bring about precise effects to differ materially from individuals explained in the ahead-wanting statements. Buyers are cautioned that there can be no assurance real final results or organization situations will not vary materially from these projected or proposed in these types of ahead-hunting statements as a outcome of different aspects. Make sure you refer to the pitfalls in depth from time to time in the stories we file with the SEC, which includes the Preliminary Proxy Statement, the Registration Statement, the Definitive Proxy Statement, our Annual Report on Form 10-K for the calendar year finished December 31, 2019, as effectively as other filings on Variety 10-Q and periodic filings on Type 8-K, for added factors that could bring about true results to vary materially from those mentioned or implied by these types of ahead-hunting statements. We disclaim any intention or obligation to update or revise any forward-hunting statements, whether or not as a consequence of new facts, long term occasions, or otherwise, unless demanded by law.

Get hold of

A.J. Dunklau
Chief Executive Officer
[email protected]