Tagged: restructuring

Celsius Network Reportedly Initiates $3B Payout Following Chapter 11 Bankruptcy

Celsius Network LLC announced that it has emerged from bankruptcy by completing the transactions under its confirmed plan of reorganization. The plan was reportedly “approved by approximately 98% of the company’s account holders and confirmed by the Bankruptcy Court for the Southern District of New… Read More

Billionaire Jack Ma Gives Up Control of Chinese Fintech Firm Ant Group

Billionaire entrepreneur Jack Ma will reportedly end an acting-in-concert pact with three senior executives who had given Ma a 53.46% share of the voting power in Fintech firm Ant Group. Following the restructuring phase, the major shareholders of Ant Group will independently exercise their respective… Read More

San Francisco based Fintech Synapse Reportedly Lays Off Half its Workforce, Now Focused on Restructuring Business Due to COVID-19

San Francisco-based Fintech firm SynapseFI has reportedly cut down the number of employees on its payroll. The company is also planning to expand its operations in Texas in order to diversify its business strategy and survive the COVID-19 crisis. Synapse offers several back-office financial products… Read More

Global Cryptocurrency Platform Liquid.com Completes Group Restructuring

Global cryptocurrency exchange Liquid.com announced on Tuesday it has completed its global group restructuring to reflect its “evolution into a global fintech business.” Liquid reported that as a result of the global restructuring, the existing “Quoine” operating entities have moved under Liquid Group Inc. to… Read More

Symbid Completes Restructuring, Separates Business to Strengthen Position in Dutch Market

Investment crowdfunding platform Symbid has announced it has completed a corporate restructuring as a way to further strengthen its position in the Dutch market. Symbid had indicated its intent to restructure earlier this year.   Lees hier het persbericht van vandaag: Symbid Crowdfunding terug in handen… Read More

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