Disruptive Capital Acquisition Company and Saxo Bank announce termination of discussions regarding their proposed business combination
Disruptive Capital Acquisition Company Limited (DCAC) and Saxo Bank A/S (Saxo Bank) can today announce the termination of discussions regarding their proposed business combination, initially announced in September 2022 (the Business Combination). It has after careful consideration been determined that the timing is not optimal.
Challenging market conditions is the main reason for the cancellation of the discussions to explore a listing through the proposed Business Combination.
Saxo Bank remains fully committed to executing on its growth strategy and delivering the best platforms, products, and services to its growing number of clients and thereby delivering value to both its clients and shareholders.
About Disruptive Capital Acquisition Company
Disruptive Capital Acquisition Company (ticker DCACS and DCACW) is a special purpose acquisition company listed on Euronext Amsterdam, which successfully raised GBP 125 million of proceeds in October 2021. It is sponsored by a high-quality team of industry veterans, with a long and successful track record of investing in and running European financial services businesses.
DCAC was formed to combine with a high quality European financial services business, which would benefit from the sponsor team’s network, expertise and a public listing.
For more information, please visit: https://disruptivecapitalac.com/
At Saxo we believe that when you invest, you unlock a new curiosity for the world around you. As a provider of multi-asset trading and investment solutions, Saxo’s purpose is to Get Curious People Invested in the World. We are committed to enabling our clients to make more of their money. Saxo was founded in Copenhagen, Denmark in 1992 with a clear vision: to make the global financial markets accessible for more people. In 1998, Saxo launched one of the first online trading platforms in Europe, providing professional-grade tools and easy access to global financial markets for anyone who wanted to invest.
Today, Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintechs in the world, Saxo continues to invest heavily into our technology. Saxo’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 150 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, Saxo has more than 2,300 professionals in financial centres around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.
For more information, please visit: www.home.saxo
Lasse Lilholt
Saxo:
Lasse Lilholt
Global Head of Communications & PR, Saxo Bank
lasl@saxobank.com
+45 53 58 60 15