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.
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.