Bm technologies to be acquired by first carolina bank for $67 million

Bm technologies stockholders to receive $5.00 per share in cash, representing 55% premium to market radnor, pa / accesswire / october 25, 2024 / bm technologies, inc. (nyse american:bmtx) ("the company" or "bmtx"), one of the largest digital banking platforms, today announced it has entered into a definitive agreement to be acquired by first carolina bank ("fcb" or "first carolina") pursuant to which first carolina will purchase all outstanding bmtx shares of common stock for $5.00 per share in an all-cash transaction with an equity value of approximately $67 million. under the terms of the agreement, bm technologies stockholders will receive $5.00 per share in cash, which represents a 55% premium to the trading price per share of bm technologies common stock as of october 24, 2024 and a 90% premium to market as of august 14, 2024, the day before bm technologies disclosed that it had received inbound interest.
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