Today, we share with the world some exciting news about a significant milestone for eToro – our plans to become a publicly traded company through a business combination with FinTech Acquisition Corp. V (FinTech V). The Company is expected to have an estimated implied equity value of approximately $10.4 billion at closing. FinTech V is a special purpose acquisition company (SPAC). It went public in December 2020 under the ticker FTCV with the intent to identify a fintech company with which to merge.

While today’s announcement is a very significant step, it does not yet make eToro a public company, nor does it guarantee that the transaction will close, although we expect to begin trading on the NASDAQ under a new ticker symbol in 2...