You may have seen the recent announcement that CardConnect has officially become an independent, public company. We’re all very excited about this transition as it’s something we’ve been striving for and working hard to accomplish as a team.
So, what does this mean?
Other than being listed on the NASDAQ (under the symbol CCN), it’s all business as usual. The merger with FinTech described in the announcement does not impact any of CardConnect’s business operations. FinTech is simply a special purpose acquisition company, or SPAC, which is a publicly-traded buyout company that raises money in order to acquire existing companies. The merger is a transaction that allowed CardConnect to go public.
This merger creates opportunities for us to grow in many ways. As we engage with even more businesses to determine evolving payment acceptance needs, we will continue to develop and offer new products and solutions that will further simplify our clients’ payment processing. All of this will be done, backed by the high level of support we’ve always provided. With the same management team in place, we’ll also continue to attract talented and passionate individuals to the growing team.
Everyone at CardConnect looks forward to expanding our franchise by helping merchants of all sizes. We hope you can join us in celebrating this major milestone that sets the stage for the company’s bright future.
President & CEO, CardConnect