By: Economic & Finance Report

Binance the world’s largest crypto exchange, is investing $200 million into Forbes Publishing. They are investing in Forbes in order for Forbes to invest with a publicly traded SPAC. After the investment, Binance will be one of Forbes Publishing biggest investment backers.

SPACs have taken a hit by investors as people have become weary about it relevance in the global markets and investments. Forbes SPAC will be listed on the NYSE under FRBS. After the deal goes through Binance will be allowed to have two directors on the Forbes board, giving the total number of Forbes board seats to nine. -SB

Image Source: Forbes

Leave a Reply

Your email address will not be published.

*

code