IPOB Stock – The Opportunity for Social Capital Hedosophia Holdings V Remains the Same
Social Capital Hedosophia Holdings V (NYSE:IPOE) resubmitted its S-4 merger document with the Securities and Exchange Commission (SEC) on April 23. Most importantly, for holders of IPOE stock, it looks as though the vote to merge with California fintech SoFi ought to be a go soon.
Source: rafapress / Shutterstock.com
The SEC recently stated that special purpose acquisition company (SPAC) warrants should be treated as liabilities and not equity on their balance sheets. If passed into law, SPACs would need to redo their financials.
As Social Capital Hedosophia tweeted on April 22, it was ahead of the curve, refiling an amended S-4.
What does it mean for IPOE stock? I’ll have a quick look.