Cohanzick Management LLC purchases shares of JOFF Fintech Acquisition Corp.

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JOFF($NASDAQ:JOFF) Fintech Acquisition Corp has announced that Cohanzick Management LLC has purchased shares of the company. This news comes as a surprise to many, as Cohanzick Management LLC is not a typical investor in fintech companies. However, this could be a sign that the company is confident in JOFF Fintech Acquisition Corp’s ability to succeed in the industry. Only time will tell if this move will pay off for Cohanzick Management LLC, but it is definitely an interesting development to keep an eye on.

Market Price

On Monday, Joff Fintech Acquisition Corp stock opened at $9.8 and closed at $9.8, down by 0.2% from last closing price of 9.9. Joff Fintech Acquisition Corp is a publicly traded company that focuses on providing technology solutions for the financial industry.

VI Analysis

The company’s fundamentals reflect its long-term potential. Based on the VI Star Chart, Joff Fintech Acquisition Corp is strong in cash flow and debt, and weak in asset, dividend, growth, and profitability. The company is classified as a ‘sloth’, a type of company that has achieved revenue or earnings growth slower than the overall economy. Such companies are deemed more risky and volatile should they fail to transform. Joff Fintech Acquisition Corp has a high health score of 7/10 with regard to its cash flows and debt, and is capable of sustaining future operations in times of crisis.

Summary

Cohanzick Management LLC has purchased shares of JOFF Fintech Acquisition Corp JOFF is a newly formed blank check company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The firm offers services including investment management, financial planning, and retirement planning to individuals and families.