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FinWise Boosts Stake in Business Funding Group to 20%
Company Announcements

FinWise Boosts Stake in Business Funding Group to 20%

FinWise (FINW) has released an update to notify the public and investors about an entry into a material definitive agreement.

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FinWise Bancorp amended its agreement with Business Funding Group, LLC and its four members to acquire an additional 10% nonvoting ownership interest, boosting its total stake to 20%. The deal involves issuing 339,176 shares of common stock to the sellers. The agreement can be terminated if conditions aren’t met by February 29, 2024. The company’s forward-looking statements about the transaction and its potential impact are not guarantees of future performance and are subject to various risks and uncertainties.

For further insights into FINW stock, check out TipRanks’ Stock Analysis page.

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