BM Technologies starts trading on the NYSE

BM Technologies Inc. commenced trading on the NYSE on Jan. 6 under the ticker symbols BMTX and BMTX.W.

The newly formed listing is the result of the completion of the sale of BankMobile by Phoenixville, Pa.-based Customers Bank to special purpose acquisition company Megalith Financial Acquisition Corp.

Pursuant to the sale, completed Jan. 4, BankMobile merged with and into MFAC Merger Sub Inc., with the latter surviving as the wholly owned indirect subsidiary of Megalith Financial Acquisition. Megalith Financial Acquisition subsequently changed its name to BM Technologies.