Welcome to our dedicated page for MCAP news (Ticker: MCAP), a resource for investors and traders seeking the latest updates and insights on MCAP stock.
MCAP Inc. reports developments tied to its financial technology and securities market-making business. Company news centers on earnings, revenue, net trading income, EBITDA, common-stock dividends, and investments in customer relationships, application software, securities execution platforms, and business-line diversification.
Recurring updates also cover the Platform Solutions division, including QwickRoute, an auction-based execution and market data platform operated by MCAP LLC, the company's wholly owned broker-dealer subsidiary. QwickRoute news includes institutional adoption of aRFQ™, its automated execution protocol for ETF trading, and the platform's role in multi-dealer auction liquidity and execution-quality data.
MCAP Inc. (OTC: MCAP) reported its first quarter 2022 earnings, achieving a net EPS of $0.15 and revenue of $22.2mm, marking a 35% increase from Q4 2021. The net profit after tax stood at $3.4mm, with an EBITDA of $4.2mm. This quarter represents the first full reporting period as a C-Corp following the consolidation of its subsidiaries. MCAP has also made strides in its DeFi sector and completed a significant infrastructure move to the Equinix NY5 Data Center.
MCAP Inc. (OTC: MCAP), a financial technology company, has announced a senior hire in its ETF division with the appointment of Nicholas Phillips as Director of ETF Capital Markets. This strategic move aims to enhance the company's ETF market-making and liquidity services for its institutional clients. Mr. Phillips brings extensive experience from Van Eck Associates and Goldman Sachs, which is expected to strengthen MCAP's competitive position in the ETF sector. The company continues to focus on technological innovation and customer service within the financial markets.
MetaCap Inc. (OTC: MCAP) reported a net income of $15 million for the full year 2021, resulting in fully diluted earnings per share of $0.65 and EBITDA of $16.8 million. Additionally, the consolidated pro-forma EPS was $0.55, assuming C-corporation tax conditions throughout 2021. The company operates through its three wholly owned subsidiaries focusing on financial technology, digital assets, and electronic securities market making.
MetaCap Inc. (OTC: MCAP) has announced the expansion of its Board of Directors to include Michael Franzese and Edward Barry. Franzese, who joined MetaCap in 2015, operates the fixed income division, while Barry, who joined in 2013, focuses on equity market making and customer relations. The board's expansion was approved by the existing board and shareholders. CEO David Menn expressed optimism about the new appointments, citing their industry expertise to help grow the business and explore new opportunities in the fintech sector.
MetaCap Inc. has acquired MCAP Technologies LLC in an all-stock transaction effective November 10, 2021. The acquisition, approved by MetaCap's Board, has resulted in current MTEC equity holders becoming majority shareholders. The merger aims to enhance technology-driven financial services and leverage existing infrastructure for market expansion. The combined company reported trailing 12-month revenue of approximately $75 million and EBITDA of $20 million. David Menn will serve as CEO of the new entity, with Rick J. Makoujy Jr. retaining a non-executive board position.
Mango Capital, Inc. (OTC PINK:MCAP) is set to undergo a name change to MetaCap Inc. following the recent approval from its Board of Directors as of October 4, 2021. This transition is subject to regulatory approval. Additionally, the company has announced a 200-for-1 reverse stock split of its common shares, which is also pending necessary regulatory endorsements. The ticker symbol 'MCAP' will remain unchanged. The release includes forward-looking statements, advising caution against placing undue reliance on these projections.
Mango Capital, Inc. (OTC: MCAP) announced its Board of Directors is actively seeking a merger partner to enhance shareholder value. Utilizing its cash reserves and real estate holdings, the company aims to integrate with an operating business across various industries. Recently, Mango has expanded its portfolio by acquiring numerous undervalued properties across several states including Colorado and Texas. This strategic move is intended to leverage opportunities that benefit shareholders significantly.