Los Angeles-based fintech Aspiration Partners has announced plans to merge with the Special Purpose Acquisition Company (SPAC) InterPrivate III Financial Partners Inc. (NYSE: IPVF). The boards of directors for both Aspiration and InterPrivate III have approved a proposed business merger on August 18, 2021.
The company will be named Aspiration Inc. And it will be listed on the NYSE under the ticker symbol “ASP”. But the merger is expected to be completed only by the fourth quarter of 2021.
“With strong secular tailwinds, Aspiration is growing rapidly, and we look forward to helping Andrei, Joe and the team execute on their strategic plans,” said Nicholaos Krenteras, President of InterPrivate III.
As part of the deal, Aspiration's existing shareholders will get at least 175 milli...
