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Nelson Mullins COVID-19 Resources

Nelson Mullins is continuing to monitor developments related to COVID-19, including guidance from the Centers for Disease Control and various federal, state, and local government authorities. The firm is taking appropriate precautionary actions and has implemented plans to ensure the continuation of all firm services to clients from both in office and remote work arrangements across our 25 offices. 

In addition, click the link below to access extensive resources to address a wide variety of topics resulting from the virus, in general and by industry,  including topics such as essential businesses, force majeure, business interruption insurance, CARES Act and FFCRA, and others. 

Nelson Mullins COVID-19 Resources

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WEBINAR: New Small Business Bankruptcy via Chapter 11: Key differences versus traditional Chapter 11, 7, or 13 and how small business can use SBRA to reorganize

October 8, 2020

WEBINAR: New Small Business Bankruptcy via Chapter 11: Key differences versus traditional Chapter 11, 7, or 13 and how small business can use SBRA to reorganize
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Securities Alert

August 11, 2020

Nelson Mullins Represents FinTech Company in $140M Merger with Publicly-Traded SPAC

The deal team of Jon Talcott, Peter Strand, Mike Bradshaw, Kaylen Loflin, and Nick Garifo recently assisted in the definitive merger agreement for its client, BankMobile Technologies, a subsidiary of Customers Bank, with one of America’s largest digital banking platforms, and Megalith Financial Acquisition Corp (NYSE: MFAC) (“MFAC”), a special purpose acquisition company. The Nelson Mullins team was supported by Gary Brown on public company reporting issues, Wells Hall on tax issues, and Brian Galison on merger and acquisition transactional issues. When this transaction closes, the combined company will operate as BM Technologies Inc. and expects to be listed on the NYSE. The transaction reflects an enterprise value for the Company of $140 million. The consideration will include approximately $20 million in assumed debt owed to Customers Bank, cash and MFAC stock. The transaction is subject to, among other things, MFAC stockholder approval and regulatory approval. The closing is anticipated for the fourth quarter of 2020.

Customers Bancorp, Inc. is a Pennsylvania-based bank holding company with over $10 billion in deposits. Customers Bank is a Pennsylvania state-chartered Federal Reserve member bank.

BankMobile Technologies Inc. is a wholly-owned fintech subsidiary of Customers Bank that provides digital banking platforms, disbursements for higher educational institutions and students, workplace banking services, and white-label digital banking services. BankMobile is one of the largest digital banking platforms in the country.