Covalto to Become First Mexican Fintech on Nasdaq Via SPAC Deal

Covalto Ltd. is set to become the first Mexican fintech to list on a US stock exchange through a merger with special-purpose acquisition company LIV Capital Acquisition Corp II.

The new company, which will also be called Covalto, will list on the Nasdaq under the ticker CVTO, according to a statement from the Mexican firm. Formerly known as Credijusto, the firm offers digital banking and services for small and medium-sized enterprises in Mexico.

The transaction is expected to close in the first quarter of 2023 pending regulatory approvals, according to the statement. When completed, the business will be valued at ...