CF Acquisition Corp. V (CFV) is a blank check company. The main focus of the company is impacting the business mergers, asset purchase, capital stock exchange, stock acquisition, and related functions.
The price of the stock during the early trading on January 24, 2022, was last checked to be $9.81 with 23.15%.
CFV: Events and Happenings
On January 18, 2022, CF Acquisition Corp. (CFV) and Satellogic reported about securing a supplementary $150 million private placement pledge from Liberty Strategic Capital (led by former Treasury Secretary Steven T. Mnuchin). Satellogic is a leading sub-meter resolution satellite imagery assembly.
On December 30, 2021, CFV reported about convening and adjournment of its special meeting of shareholders held on the same day until January 24, 2022. Nettar Group Inc. and third-party investors were given extra time for the finalization of the terms of completion of PIPE financing for the advantage of the post-combination business.
On December 28, 2021, Satellogic reported on the construction of a satellite manufacturing facility in the Netherlands. The new location will accelerate the assembly of satellites and accommodation of its equipment.
Meeting Adjournment
On December 8, 2021, CFV reported about adjourning of the special meeting of its shareholders until December 20, 2021. It allowed the company to re-discuss the extra financing for the post-combination business.
On November 12, 2021, CFV and Satellogic co-reported that SEC had declared Satellogic’s form F-4 registration statement effective with regards to their proposed business merger.
Conclusion
CFV stock is 0.9% up in comparison to the past six months despite the restrictions put by the pandemic on economic growth. The current early trading drop is likely due to the company’s announcement regarding the multi-million investment in the company as predicted by the financial experts. The company is steadily moving towards more investment input from the stockholders.
