UBS and Wealthfront mutually agree to terminate merger agreement

 

 

UBS and Wealthfront mutually agree to terminate merger agreement

UBS to purchase a USD 69.7 million note convertible into Wealthfront shares. UBS remains committed to its growth plans in the US and strengthening its digital offering.

UBS and Wealthfront have mutually agreed to terminate their merger agreement, initially announced  January 26, 2022, under which Wealthfront was to be acquired by UBS Americas Inc.

UBS will purchase a USD 69.7 million note convertible into Wealthfront shares.

UBS remains committed to its growth plans in the US and will continue the build-out of its digital wealth management offering.

UBS Americas Inc