Bitcoin rewards app Fold is set to go public on the Nasdaq through a special purpose acquisition company (SPAC) deal. This move will allow the company to make its debut on the stock market, offering investors the opportunity to get in on the action. The SPAC deal will provide Fold with the necessary funding to continue expanding its business and reach a wider audience.
Fold allows users to earn Bitcoin as rewards for making purchases at various retailers. The app has gained popularity among crypto enthusiasts who are looking to earn passive income through their everyday spending. By going public on the Nasdaq, Fold aims to increase its visibility and attract more users to its platform.
The decision to go public via a SPAC deal is a strategic move for Fold, as it allows the company to bypass the traditional initial public offering (IPO) process. This alternative route to going public is becoming increasingly popular among tech companies looking to raise capital quickly and efficiently.
Overall, the decision for Fold to go public on the Nasdaq via a SPAC deal is a significant milestone for the company. It will provide Fold with the resources needed to continue growing and innovating in the competitive crypto rewards market. Investors will be watching closely as Fold makes its debut on the stock market, eager to see how the company performs in the coming months.