Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Nuvei Corp. (NASDAQ: NVEI / TSX: NVEI)
NOTE TO EDITORS: The Following is an Investment Opinion Issued by Spruce Point Capital Management
Warns Investors That Nuvei was Recently Listed as a Creditor in the FTX Bankruptcy; Spruce Point's Research Indicates Nuvei was Likely an FTX Investor
Nuvei Recently Hired FTX's Global Head of Payments as a Senior Vice President Despite His Track Record of Previous Failed Business Ventures Connected With Multiple Controversial People
Believes That Nuvei's $1.3 Billion Levered Acquisition of Paya Holdings is Obscuring Nuvei's Underlying Growth Challenges
Questions Paya's Organic Growth, Cash Flow and Customer Representations Made to Nuvei Which it Relied Upon in its Acquisition
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