MoneyLion Settled $12.75M Over SPAC Merger Conflicts – Final Days to File a Claim

Court: Delaware court of Chancery

Case: 2024‑0329‑NAC

MoneyLion GEN has agreed to pay $12.75 million to settle claims that it misled investors during its 2021 SPAC merger.

The settlement aims to provide compensation for shareholders who say the company hid conflicts of interest and issued a misleading proxy statement. The filing deadline is next Tuesday, September 2, 2025.

What Really Happened With the SPAC Merger

MoneyLion went public in 2021 through a SPAC merger, but soon after, the stock price dropped sharply, and questions mounted over the company’s books and records.

Shareholders believed that MoneyLion’s leaders had personal interests in completing the merger, even if it wasn’t in the best interest of investors. They also claimed the company and its advisor downplayed those conflicts, discouraging them from redeeming their shares.

As MoneyLion’s stock fell, investors filed a lawsuit arguing that the merger was structured to benefit insiders while leaving ordinary shareholders exposed.

The Deal That Finally Closed the Chapter

Now, MoneyLion has agreed to settle for $12.75 million without admitting wrongdoing. The settlement offers compensation to eligible shareholders who held stock at the time of the merger.

The claim filing deadline is Tuesday, September 2, 2025. If you were affected, you can check eligibility and submit your claim here.