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FSRV - Why This Finance Stock Is Up More Than 75% Today
FinServ Acquisition Corp.
Shares of CURO Group Holdings (NYSE: CURO) soared more than 85% Friday morning, and remained up 76% as of 10:45 a.m. EST. A merger announcement between fellow financial company Katapult Holding and special purpose acquisition company (SPAC) FinServ Acquisition (NASDAQ: FSRV) is the reason.
FinServ announced it will be merging with Katapult to bring the e-commerce focused financial technology (fintech) company public during the first half of 2021. CURO Group shares are soaring because it owns approximately 40% of Katapult.