Megalith Money Acquisition Corp. Stockholders Approve Organization Mix with BankMobile … |

NEW YORK, NY, Dec. 21, 2020 (Globe NEWSWIRE) — Megalith Economical Acquisition Corp. (the “Company” or “MFAC”) (NYSE American: MFAC, MFAC.W, MFAC.U), a particular intent acquisition corporation, these days held its previously declared exclusive assembly of stockholders (the “Special Meeting”). In connection therewith, the Company’s stockholders voted in favor of all proposals, such as the proposed business mix between the Firm and BankMobile Systems, Inc., a Pennsylvania corporation (“BankMobile”) (the “Proposed Transaction”). In relationship with the Exclusive Assembly, 500 shares of Class A widespread stock had been redeemed.

To make sure financial efficiency, the get-togethers at this time anticipate the Proposed Transaction to shut on January 4, 2021.

About Megalith Economic Acquisition Corp.

Megalith Economic Acquisition Corp. is a blank verify corporation integrated in Delaware for the reason of effecting a merger, money inventory trade, asset acquisition, stock obtain, reorganization or similar business blend with 1 or far more enterprises, with a focus on the fintech or financial expert services industries. MFAC consummated its original public supplying on the NYSE in August 2018 and is shown beneath the symbol “MFAC.” Extra information and facts can be found on its web site at http://www.megalithfinancial.com.

Further Data and In which to Discover It

This communication is getting produced in regard of the Proposed Transaction. The Company filed with the Securities and Exchange Commission (the “SEC”) a preliminary proxy statement on September 21, 2020 (the “Preliminary Proxy Statement”), a registration statement on Kind S-4 (File No. 333-249815) on November 3, 2020, as amended on November 18, 2020 and December 9, 2020 (the “Registration Statement”) (which includes a prospectus (the “Prospectus”) and the Preliminary Proxy Assertion, as amended), and a closing Prospectus on December 11, 2020 (the “Final Prospectus,” and alongside one another with the definitive proxy assertion, dated December 11, 2020, provided therein, the “Definitive Proxy Statement”) in relationship with the Proposed Transaction, and will file other documents relating to the Proposed Transaction with the SEC. Before generating any investment selection, buyers and stockholders of the Organization are urged to very carefully examine the Registration Assertion and the Definitive Proxy Assertion, and other relevant files filed with the SEC, because this kind of documents will contain important information about the Organization, BankMobile and the Proposed Transaction. The Enterprise started mailing the Definitive Proxy Statement to its stockholders on December 11, 2020. Stockholders may possibly also get 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 Money Acquisition Corp., 535 Fifth Avenue, 29th Flooring, New York, New York 10017.

Non-Solicitation

The disclosure herein is not a proxy assertion or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Transaction and shall not represent an give to promote or a solicitation of an give to buy the securities of MFAC, nor shall there be any sale of any such securities in any condition or jurisdiction in which these kinds of offer, solicitation, or sale would be illegal prior to registration or qualification under the securities laws of these condition or jurisdiction. No provide of securities shall be designed apart from by means of a definitive document.

Forward Looking Statements

This launch might include “forward-searching statements” inside of the indicating of the Non-public Securities Litigation Reform Act of 1995 that require risks and uncertainty. Phrases this sort of as “anticipate,” “estimate,” “expect,” “intend,” “plan,” and “project” and other comparable words and phrases and expressions are supposed to signify forward-hunting statements.  Forward-on the lookout statements are not ensures of foreseeable future results and circumstances but fairly are subject matter to many risks and uncertainties.  These kinds of statements are dependent on management’s present expectations and are topic to a quantity of threats and uncertainties that could result in true results to vary materially from those explained in the forward-seeking statements. Traders are cautioned that there can be no assurance actual final results or business enterprise conditions will not vary materially from those people projected or advised in these types of ahead-hunting statements as a outcome of numerous components. Be sure to refer to the challenges in depth from time to time in the studies we file with the SEC, such as the Preliminary Proxy Statement, the Registration Assertion, the Definitive Proxy Statement, our Once-a-year Report on Variety 10-K for the calendar year ended December 31, 2019, as well as other filings on Kind 10-Q and periodic filings on Sort 8-K, for further variables that could induce actual final results to differ materially from people stated or implied by this sort of forward-seeking statements. We disclaim any intention or obligation to update or revise any forward-looking statements, regardless of whether as a final result of new information and facts, foreseeable future functions, or if not, unless essential by regulation.

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A.J. Dunklau Main Government Officer [email protected] 

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