Name | Value |
---|---|
Revenues | 0.0K |
Cost of Revenue | 0.0K |
Gross Profit | 0.0K |
Operating Expense | 1,667.0K |
Operating I/L | -405.3K |
Other Income/Expense | 406.7K |
Interest Income | 871.2K |
Pretax | -405.3K |
Income Tax Expense | 172.5K |
Net Income/Loss | -577.8K |
Fintech Ecosystem Development Corp. is a blank check company that focuses on identifying and acquiring businesses in the financial technology sector. As a blank check company, it raises capital through an initial public offering (IPO) and then seeks to merge with a private company, effectively taking it public. Through this process, Fintech Ecosystem Development Corp. aims to generate returns for its investors by identifying promising fintech businesses and facilitating their entry into the public market.