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Affinitas has now completed its merger with Spark Networks.
The combined company, called Spark Networks, will house brands including EliteSingles, eDarling, JDate, Christian Mingle, JSwipe, and Attractive World to serve users in 29 countries and 15 languages.
CEO Jeronimo Folgueira said: “We are pleased to announce the completion of this transaction and the successful formation of a pure play dating leader in Spark Networks SE.
“Our increased scale portfolio of strong, well-known brands, and improved financial strength positions us well to deliver a superior user experience to our customers and drive long-term value for shareholders.”
Affinitas 3d us charge on bank' Keyword Found Websites Keyword-suggest-tool.com DA: 28 PA: 39 MOZ Rank: 70 about us Affinitas is a full-service integrated direct marketing and customer care solutions agency offering best-in-class contact center services, end-to-end marketing services in traditional direct response media and emerging new media. Affinitas GmbH will automatically provide each member of the Class with either one or two months of free Premium services to the Elite Singles website, as detailed at paragraph 5 of the Settlement Agreement. Additionally, Elite Singles will cease the practice of giving a free or discounted trial and then automatically charging consumers in.
Affinitas is a full service, fully integrated direct marketing solutions provider, working as an extension of your business through a broad range of services that will bring your marketing dream to fruition, executing your program from start to finish.
The transaction was a stock-for-stock merger, with former EliteSingles stockholders owning approximately 75% of the combined company and former Spark Networks stockholders owning approximately 25%.
Pursuant to the terms of the definitive merger agreement, Spark Networks stockholders are entitled to receive one newly issued American Depository Share of Spark Networks SE for every 10 shares of Spark Networks common stock that they owned immediately prior to the effective time of the merger.
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The American Depository Shares have been approved for listing on the NYSE American LLC under the trading symbol “LOV.”
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The first day of trading happened on 3rd November 2017.
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In terms of management, Spark Networks SE has named a board containing seven directors: Jeronimo Folgueira, Colleen Birdnow Brown, Brad Goldberg, Axel Hefer, Clare Johnston, Joshua Keller, and David Khalil, who will serve as Chairman of the Spark Networks SE board.
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An interview with Spark Networks CEO Jeronimo Folgueira about the merger is coming later this week – read more about the deal here.