March 27, 2024

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Megalith Monetary Acquisition Corp. Stockholders Approve Organization Mix with BankMobile Systems, Inc.

4 min read

NEW YORK, NY, Dec. 21, 2020 (Globe NEWSWIRE) — Megalith Fiscal Acquisition Corp. (the “Company” or “MFAC”) (NYSE:MFAC, MFAC.W, MFAC.U)), a particular function acquisition corporation, right now held its beforehand declared exclusive conference of stockholders (the “Special Conference”). In link therewith, the Firm’s stockholders voted in favor of all proposals, together with the proposed organization mix concerning the Corporation and BankMobile Systems, Inc., a Pennsylvania corporation (“BankMobile”) (the “Proposed Transaction”). In relationship with the Exclusive Conference, 500 shares of Class A widespread inventory were redeemed.

To make certain economic efficiency, the functions at this time expect the Proposed Transaction to shut on January 4, 2021.

About Megalith Monetary Acquisition Corp.

Megalith Economical Acquisition Corp. is a blank verify business integrated in Delaware for the objective of effecting a merger, funds inventory exchange, asset acquisition, stock purchase, reorganization or equivalent business combination with just one or much more companies, with a focus on the fintech or financial expert services industries. MFAC consummated its first public offering on the NYSE in August 2018 and is mentioned below the image “MFAC.” Much more details can be observed on its website at http://www.megalithfinancial.com.

Added Details and In which to Come across It

This interaction is remaining produced in regard of the Proposed Transaction. The Corporation submitted with the Securities and Exchange Fee (the “SEC”) a preliminary proxy statement on September 21, 2020 (the “Preliminary Proxy Assertion”), a registration assertion on Kind S-4 (File No. 333-249815) on November 3, 2020, as amended on November 18, 2020 and December 9, 2020 (the “Registration Assertion”) (which includes a prospectus (the “Prospectus”) and the Preliminary Proxy Assertion, as amended), and a final Prospectus on December 11, 2020 (the “Ultimate Prospectus,” and collectively with the definitive proxy assertion, dated December 11, 2020, incorporated therein, the “Definitive Proxy Statement”) in relationship with the Proposed Transaction, and will file other files relating to the Proposed Transaction with the SEC. Ahead of creating any investment selection, investors and stockholders of the Organization are urged to diligently go through the Registration Statement and the Definitive Proxy Statement, and other relevant files filed with the SEC, mainly because such files will have important facts about the Company, BankMobile and the Proposed Transaction. The Corporation started mailing the Definitive Proxy Assertion to its stockholders on December 11, 2020. Stockholders may well also get hold of copies of the Definitive Proxy Assertion, devoid of charge, at the SEC’s web site at www.sec.gov or by directing a request to: Megalith Financial Acquisition Corp., 535 Fifth Avenue, 29th Flooring, New York, New York 10017.

Non-Solicitation

The disclosure herein is not a proxy assertion or solicitation of a proxy, consent or authorization with respect to any securities or in regard of the Proposed Transaction and shall not constitute an offer you to promote or a solicitation of an offer to get the securities of MFAC, nor shall there be any sale of any this kind of securities in any point out or jurisdiction in which such provide, solicitation, or sale would be illegal prior to registration or qualification below the securities laws of these types of point out or jurisdiction. No present of securities shall be manufactured besides by implies of a definitive document.

Forward On the lookout Statements

This release might have “ahead-on the lookout statements” inside of the that means of the Private Securities Litigation Reform Act of 1995 that require threats and uncertainty. Terms these as “anticipate,” “estimate,” “expect,” “intend,” “system,” and “project” and other very similar words and expressions are supposed to signify ahead-hunting statements.  Ahead-searching statements are not guarantees of long run results and ailments but instead are topic to numerous hazards and uncertainties.  This kind of statements are based on management’s present-day expectations and are subject matter to a variety of threats and uncertainties that could induce true final results to vary materially from individuals explained in the forward-wanting statements. Buyers are cautioned that there can be no assurance true final results or organization problems will not vary materially from all those projected or proposed in these kinds of ahead-on the lookout statements as a outcome of different elements. You should refer to the risks in-depth from time to time in the reports we file with the SEC, which includes the Preliminary Proxy Assertion, the Registration Statement, the Definitive Proxy Statement, our Once-a-year Report on Type 10-K for the year finished December 31, 2019, as well as other filings on Kind 10-Q and periodic filings on Variety 8-K, for added aspects that could result in real results to differ materially from all those stated or implied by this sort of forward-hunting statements. We disclaim any intention or obligation to update or revise any forward-hunting statements, whether or not as a consequence of new details, potential situations, or normally, unless of course essential by regulation.

Make contact with

A.J. Dunklau
Chief Govt Officer
[email protected] 


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