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First Carolina Acquires BM Technologies for $54.54 Million in Cash

  • October 25, 2024

BM Technologies, Inc. (BMTX) entered a merger agreement on October 25, 2024, to be acquired by First Carolina Bank in a deal valued at $54.54 million.

Deal Structure:

Under the terms of the deal, First Carolina will purchase all of the outstanding shares of BM Technologies for $5.00 per share in an all-cash transaction, representing a premium of 55.28% from the stock’s last close.

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