Megalith Financial MFACU = 1C ,1W​

special meeting, - November 24, 2020

Voting to extend from November 30, 2020, to March 1, 2021

Nov 2020 - For illustrative purposes, based on funds in the Trust Account of approximately $33,178,146 as of September 30, 2020, the estimated per share redemption price would have been approximately $10.38.

for aggregate consideration of $20,002,872 (the “PIPE Investment”). Of the 2,105,554 shares of Class A Common Stock to be issued in the PIPE Investment, 192,955 shares of Class A Common Stock, or approximately 1.8% of the issued and outstanding Megalith Common Stock on the date the PIPE Subscription Agreements were executed, will be issued to the Sponsor Affiliated PIPE Investors.

In connection with the PIPE Investment, the Sponsor, Megalith, and an investor named therein entered into an agreement (the “Sponsor Transfer Agreement”), pursuant to which, in connection with the PIPE Investment, the Sponsor will transfer to the investor named therein up to 178,495 Founder Shares and up to 1,311,501 Placement Warrants to the extent such transfer would not trigger an adjustment under section 4.3.2 of the Warrant Agreement,

Extended ----May 28, 2020 to August 28, 2020 (or November 30, 2020 if the Company has executed a definitive agreement for an initial business combination by August 28, 2020) 

Following redemptions of 13,733,885 of the shares of Class A common stock in connection with the Extension, a total of approximately $33,167,514.53 will remain in the Trust Account.

Warrant - 1 + 11.50 Adjusts *****Pipes Below 9.50

IPO Trust 10.10    -     $170,981,778.90

16,928,888 trust shares?  

$176,789,033.54 that was in the Trust Account as of April 22, 2020.

​Sept 2019 trust     $174,618,157  ~$10.32

Chardan

Focus - Fintech

Aug 28, 19 A total of $170,981,778.90, (or $10.10 per Unit) comprised of $164,036,001.10 of the proceeds from the IPO (including the Over-Allotment Units) and $6,945,777.80 of the proceeds of the sale of the Private Placement Warrants, was placed in a U.S.-based trust account at J.P. Morgan Chase Bank, N.A., maintained by Continental Stock Transfer & Trust Company, acting as trustee.  

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Our executive offices are located at 60 E. 42nd St, Suite 3110, New York, NY 10017 and our telephone number is (212) 235-0430

​Jay S. Sidhu has over 40 years of experience as both an executive and investor in financial services. Mr. Sidhu is Chairman and Chief Executive Officer of Customers Bancorp (NYSE:CUBI), Customers Bank, BankMobile, a division of Customers Bank, and BankMobile Technologies. When Mr. Sidhu joined the company, Customers Bank, previously known as New Century Bank, was a $270 million asset-troubled bank. Today it is approximately a $10 billion asset, high-performing bank, that has been recognized twice by Bank Director Magazine as the fastest growing bank in the country in terms of core revenues. Before assuming leadership at Customers Bank, Mr. Sidhu was Chairman and Chief Executive Officer of Sidhu Advisors, LLC, a private equity and financial services consulting company based in Palm Coast, Fla. and Reading, Pa. Prior to that he was Chairman and Chief Executive Officer of Sovereign Bancorp, Inc. and Sovereign Bank, a $90 billion financial institution.

During his 20-year career at Sovereign, Mr. Sidhu was responsible for growing the company from a $600 million banking institution with an IPO value of about $24 million to the 17th largest bank in the United States with a market capitalization of almost $12 billion. Mr. Sidhu’s growth strategy resulted in an internal rate of return of more than 19% for Sovereign shareholders over the 17 years he was the Chief Executive Officer, and provided Sovereign shareholders with returns that outperformed all relevant benchmarks, including the S&P 500, the Dow Jones Industrial Average and major banking indices over 5, 10, and 15 year periods.

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