(USDCCircle, an operator of the internet has had its valuation increase to $9 billion since it revised its merger agreement. The company was formed in 2020 as a special purpose acquisition (SPAC) company.

Circle AnnoucedThursday saw Concord announce that it has ended all business combinations with Concord. The new agreement is due to be completed by December 8, 2022. There are also the possibilities of an extension to January 31, 20,23. Cointelegraph reports that the company has reached a new agreement. It is expected to be finalized by December 8, 2022, with the possibility of being extended up until January 31, 2023. Circle and ConcordTheir merger plans were first made public in July 2022.