RTTNews | Dec 18, 2020 09:59AM EST

09:59 Friday, December 18, 2020 (RTTNews.com) - Shares of FinServ Acquisition Corp. (FSRV) are currently gaining over 25% after the special purpose acquisition company announced merger with Katapult Holding Inc., an e-commerce focused financial technology company.

FSRV is currently trading at $13.17, up $2.72 or 26.03%, on the Nasdaq.

Upon closing of the merger, the combined company will operate as Katapult and plans to trade on Nasdaq under the new symbol "KPLT". The merger will create a combined company with enterprise value of about $1 billion.

Read the original article on RTTNews ( https://www.rttnews.com/3155062/stock-alert-finserv-acquisition-jumps-25-on-merger-with-katapult.aspx)

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