MVB Financial Corp. Completes Execution of Strategic Minority Investment in Warp Speed Holdings LLC
Summary
The Consideration is comprised of $38.4 million cash and $9.6 million in MVB common stock, with the number of shares issued being based on the volume weighted average closing price for shares of MVB common stock for the 20 trading days ending the day prior to the closing date. These forward-looking statements are based on current expectations about the future and subject to risks and uncertainties. When words such as “plans,” “believes,” “expects,” “anticipates,” “continues,” “may” or similar expressions occur in this Press Release, the Company is making forward-looking statements. Those factors include but are not limited to: credit risk; changes in market interest rates; revaluation of equity investments, including MVB’s investments in Fintech companies; inability to further scale up the Fintech line of business; competition; economic downturn or recession; and government regulation and supervision. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements.
Funding
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