Do Spruce Point Capital’s Nuvei Allegations Hold Water?
The New York short-seller’s taken a second shot at the Montreal fintech. Should Nuvei shareholders be concerned about the situation? Maybe. If you’re unfamiliar with Montreal-based Nuvei, it recently announced that Canadian actor Ryan Reynolds invested in the company while providing his creative abilities to broaden the payments business’s exposure outside Canada. Perhaps not coincidentally, Spruce Point’s update came one day after the Reynolds announcement. “We will layout why we believe Nuvei is under extreme business and financial pressures. Its announcement that accomplished actor Ryan Rey...