MetaCap Inc. acquired MCAP Technologies, LLC on November 10, 2021. MetaCap has funded the all-stock transaction with the issuance of additional shares. MetaCap has completed the divestment of its real estate holdings and any outstanding mortgages in order to satisfy the closing requirements. Effective today, there are approximately 23.5 million fully diluted shares outstanding. MCAP Technologies had trailing 12-month revenue and EBITDA of approximately $75 million and $20 million, respectively. David Menn, Chief Executive Officer of MCAP Technologies, LLC, will become Chief Executive Officer and a board member of the combined company. William Dennis, President of MCAP Technologies, LLC, will become the President and a board member. Rick J. Makoujy Jr., MetaCap's current President, will step down as President but maintain a non-executive board seat of the combined company. The acquisition has been approved by the Board of Directors of MetaCap Inc. and the Managers of MCAP Technologies, LLC. Heimerl Law Firm acted as legal advisor to MetaCap Inc. and Paykin Krieg & Adams, LLP acted as legal advisor to MCAP Technologies, LLC.
MetaCap Inc. completed the acquisition of MCAP Technologies, LLC on November 10, 2021.
MCAP Inc. operates financial technology companies, which focus on the rapidly changing and digitalization of the global financial markets. The Companyâs subsidiaries include MCAP Technologies LLC, MBIT LLC, and MCAP LLC. MCAP Technologies LLC is a financial technology company, which develops software utilized in various financial markets. MBIT LLC is a digital asset company, which is focused on crypto-currency, DeFi protocols and blockchain integration in the global financial markets. MCAP LLC is a broker-dealer focused on electronic securities market making. MCAP LLC connects institutional investors, broker-dealers and companies to the global equity and fixed income markets. Its products or services include electronic securities market making, application software, securities trading platforms and financial technology. The Company targets opportunities that provide efficiencies within the existing financial services industry.
MCAP INC. 
