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Northern Star Investment Corp. II (NSTB) is a publicly-traded special purpose acquisition company (SPAC) focused on identifying and merging with businesses that have strong potential for growth. The company operates by using the capital raised during its initial public offering (IPO) to acquire or merge with one or more businesses. This process allows these businesses to go public without going through the traditional IPO process. Northern Star Investment Corp. II is strategically positioned to provide investment opportunities across various sectors.
Northern Star Investment Corp. II's core business involves identifying potential acquisition targets, conducting thorough due diligence, and negotiating favorable terms to bring value to its shareholders. The company looks for businesses with robust fundamentals, innovative products or services, and significant market potential. By leveraging its strong management team and extensive industry connections, Northern Star Investment Corp. II aims to identify companies that can benefit from strategic guidance and capital infusion to achieve their growth objectives.
Recently, the company has been active in exploring opportunities within technology, healthcare, and consumer goods sectors. These industries are known for their rapid growth and innovation, aligning with Northern Star Investment Corp. II's strategic vision. The company's current projects involve scrutinizing several potential targets, each offering unique value propositions and opportunities for expansion.
Financially, Northern Star Investment Corp. II maintains a solid position due to the capital raised through its IPO. This financial strength allows the company to be agile and responsive to emerging opportunities in the market. Partnerships with trusted advisors, legal experts, and financial analysts further bolster its capability to execute successful transactions.
Overall, Northern Star Investment Corp. II is dedicated to creating shareholder value through strategic acquisitions and partnerships. By focusing on high-potential businesses and leveraging its expertise, the company aims to deliver sustainable growth and long-term success.
Apex Fintech Solutions has appointed Andy Lientz as Chief Technology Officer and Lindsey Becker as Chief Marketing Officer, effective July 2021. Lientz brings over 20 years of experience from companies like Google and Microsoft, while Becker has 15 years in B2B marketing, previously at Nasdaq. Additionally, William Brennan, the Chief Administrative Officer, will take on expanded leadership responsibilities. Tricia Rothschild, the current President, is leaving for other opportunities. This management restructuring aims to bolster Apex's long-term growth as it prepares for a public listing via Northern Star Investment Corp. II (NYSE: NSTB).
Northern Star Investment Corp. II (NYSE: NSTB) announced positive preliminary financial guidance for its merger partner, Apex Fintech Solutions LLC, for Q2 2021. Apex acquired 17 new clients, totaling 28 in 2021, significantly up from 6 in Q2 2020. Projected net income ranges from $29.8M to $31.5M, with Adjusted EBITDA between $44.9M and $47.1M. Full-year guidance is expected to be revised higher, reflecting strong growth. The merger will result in Apex becoming a publicly listed company, pending stockholder approval.
Apex Fintech Solutions LLC announced that CEO Bill Capuzzi and GM Connor Coughlin will engage in a fireside chat on June 10, 2021, at 4:30 p.m. EDT during the Piper Sandler Global Exchange & FinTech Conference.
The event will be available via live audio webcast on Apex's Investor Relations website. Apex is set to become publicly listed through a merger with Northern Star Investment Corp. II (NYSE: NSTB) in Q2 2021, pending necessary approvals.
Apex Fintech Solutions plans to launch a new product allowing investors immediate access to funds after selling U.S. equity securities, bypassing the typical two-day settlement delay. Although transactions will still be settled under the standard timeframe, end investors will experience instant cash availability. The product will be accessible to clients by Q3 2021. Apex aims to modernize the investment process, enhancing accessibility and transparency in trading.
Apex Clearing Corporation has been named to FinTech Global’s 2021 WealthTech100 list, recognizing its role as a leader in digital wealth management. The company processed 450 million trades in 2020 and serves over 200 clients globally. A merger with Northern Star Investment Corp. II (NSTB) is anticipated, valuing Apex at approximately $4.7 billion. The merger will position Apex to become publicly listed under the ticker “APX” on the NYSE, pending stockholder approval. Apex's focus on innovative tech solutions aims to revolutionize asset management and enhance market access.
Northern Star Investment Corp. II (NYSE: NSTB) announced a merger with Apex Fintech Solutions LLC, which reported a strong first quarter for 2021. Key highlights include an 85% growth in total customer accounts, increasing to 14.4 million, and a 183% surge in customer trades, reaching 235.5 million. Net revenue nearly doubled to $145.9 million, with net income rising 414% to $36.3 million. The transaction values Apex at approximately $4.7 billion and is set to make Apex publicly listed under the new ticker symbol 'APX'.
Apex Clearing Corporation has released its Q1 2021 Apex Next Investor Outlook, analyzing trends among Millennial and Gen Z investors. As the economy reopens, younger investors are shifting towards meme stocks and penny shares, moving away from re-opening themes like vaccine makers. Key insights highlight that while there is a rotation into popular trades, long-term commitments to companies like Tesla, Apple, and Amazon remain strong. Additionally, interest in cryptocurrency has surged, with Marathon Digital Holdings ranking #25 among Gen Z. The report analyzed over 3 million Millennial accounts and nearly 1 million Gen Z accounts.
Apex Clearing Corporation has been awarded the title of "Best Wealth Management Company" by FinTech Breakthrough for the fourth consecutive year. The award recognizes Apex's innovation in digital wealth management services, which currently support over 14 million customer accounts across 200 clients globally. Apex's CEO, Bill Capuzzi, emphasized their focus on providing efficient and flexible solutions for clients. Following a merger agreement with Northern Star Investment Corp. II, Apex is set to become publicly listed on the NYSE under the ticker symbol "APX."
Apex Clearing Holdings and Northern Star Investment Corp. II have announced a merger agreement that values Apex at approximately $4.7 billion. This merger allows Apex to become publicly listed under the ticker symbol APX. Apex's digital custody platform serves over 200 clients and approximately $100 billion in assets under custody. The transaction includes a fully-committed $450 million private placement and is expected to provide up to $850 million in gross cash proceeds. Completion is anticipated in the second quarter of 2021.
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