eToro SPAC Presentation Deck slide image

eToro SPAC Presentation Deck

60 етого Risk factors (11/12) Risks Related to the Business Combination 1. FinTech Acquisition Corp. V ("FTV") may not have sufficient funds to consummate the business combination. 2. We have not yet entered into a definitive agreement for a business combination and, when we do, the completion of the business combination will be subject to the satisfaction of certain closing conditions, including a minimum cash condition and the approval of the business combination by us and FTV shareholders. 3. FTV and we will incur significant transition costs in connection with the business combination. 4. Subsequent to the completion of the business combination, the combined company may be required to take write-downs or write-offs, restructuring and impairment or other charges that could have a significant negative effect on its financial condition, results of operations and the combined company's common share price, which could cause you to lose some or all of your investment. 5. The business combination may be completed even though material adverse effects may result from the announcement of the business combination, industry-wide changes and other causes. 6. Delays in completing the business combination may substantially reduce the expected benefits of the business combination. 7. We may be a target of securities class action and derivative lawsuits which could result in substantial costs and may delay or prevent the business combination from being completed. Risks Related to Being a Public Company 1. The financial information included in this presentation has been taken from or prepared based on our historical financial statements. Our historical financial statements have been audited by Ernst & Young in accordance with generally accepted auditing standards in Israel and prepared in conformity with International Financial Reporting Standards. Our historical financial statements have not been audited in accordance with the Public Company Oversight Board ("PCAOB") standards or prepared in accordance with Regulation S-X promulgated under the Securities Act of 1933, as amended. We cannot assure you that, had the historical financial information included in this presentation been compliant with Regulation S-X and audited in accordance with PCAOB standards, there would not be differences, and such differences could be material. An audit of our financial statements in accordance with PCAOB standards is currently in process and will be included in the proxy statement/prospectus with respect to the business combination. Accordingly, there may be material differences between the presentation of our historical financial statements included in this presentation and in the proxy statement/prospectus, including with respect to, among others, the method of accounting for assets held by our customers on our platforms, the method of accounting for revenue attributable to trading in asset classes and jurisdictions where we are not registered as a broker-dealer, off balance sheet items, timing of revenue recognition and asset classification.
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