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Cohen SPAC to Merge With Business Services Firm Pico

  • Deal values combined public company at $1.75 billion
  • Agreement follows Cohen’s SPAC deals for Perella, eToro
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Serial blank-check company dealmaker Betsy Cohen has found her seventh target, a technology provider for financial services companies.

FTAC Athena Acquisition Corp. has agreed to merge with New York-based Pico in a deal that will give the combined company an equity value of $1.75 billion, according to a statement Wednesday that confirmed a Bloomberg News report.