MoneyHero Limited entered into the Confidentiality Agreement to acquire Bridgetown Holdings Limited (NasdaqCM:BTWN) from Kenneth Chan and Derek Fong for approximately $200 million in a reverse merger transaction on November 25, 2021. MoneyHero Limited entered into second Letter of Intent to acquire Bridgetown Holdings Limited (NasdaqCM:BTWN) on January 6, 2023. MoneyHero Limited agreed to acquire Bridgetown Holdings Limited (NasdaqCM:BTWN) on May 25, 2023. Under the terms of Second LOI , enterprise value for the MoneyHero Group is not less than $240 million on a debt-free and cash-free basis. Under the consideration terms, Bridgetown will issue stock consideration worth $200 million divided by $10 per share. As per transaction, MoneyHero will be the surviving company, and will be listed on the NASDAQ. Transaction is subject to approval of MoneyHero Limited and Bridgetown Holdings shareholders, the Registration Statement on Form F-4 having become effective, Class A Ordinary Shares of MoneyHero Limited having been approved for listing on the Nasdaq Stock Market LLC. The transaction was unanimously approved by the special committee of Bridgetown. Matt Danzeisen, John R. Hass, Samuel Altman and In Joon Hwang directors of Bridgetown were elected as special committee. The transaction is expected to close in the third or fourth quarter of 2023. Joey Chau, Jesse Sheley, Steve Lin and Joseph Raymond Casey of Kirkland & Ellis LLP acted as legal advisor and due diligence provider to MoneyHero Limited. Houlihan Capital, LLC acted as financial advisor as well as fairness provider to Bridgetown. Bridgetown to pay $200,000 for the services rendered of which $50,000 is conditioned upon consummation of the transaction. Maples and Calder (Cayman), Travers Thorp Alberga acted as the Cayman legal advisor and DLA Piper Singapore Pte. Ltd. is acting as U.S. Legal advisor to the Bridgetown Special Committee. KPMG LLP is acting as due diligence provider to Bridgetown. Jonathan B. Stone and Rajeev P. Duggal of Skadden, Arps, Slate, Meagher & Flom is acting as legal advisor to Bridgetown. Walkers is acting as legal advisor and Ernst & Young (Hong Kong) Limited acting as accountant to MoneyHero. Continental Stock Transfer & Trust Company is acting as Transfer agent and Morrow & Co., LLC is acting as Proxy solicitor to Bridgetown. Bridgetown will pay $15,000 as part of proxy solicitation fees to Morrow & Co. WithumSmith+Brown, PC is acting as an accountant to Bridgetown. Houlihan Capital was engaged on a fixed fee basis of total fee of $200,000.

MoneyHero Limited completed the acquisition of Bridgetown Holdings Limited (NasdaqCM:BTWN) from Kenneth Chan and Derek Fong in a reverse merger transaction on October 12, 2023.