CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Pathfinder (PFDR) ends $1.4bn planned merger with ServiceMax

By Joyanta Acharjee

13:50, 6 December 2021

A businesswoman tears up a contract
The proposed business deal has been cancelled – Photo: Shutterstock

Pathfinder Acquisition and ServiceMax on Monday agreed to end their $1.4bn (£1.05bn) merger due to unfavourable market conditions.

ServiceMax makes field service management software. Pathfinder Acquisition is a Nasdaq-listed special purpose acquisition company (SPAC) sponsored by affiliates of Silicon Valley investment firms HG and Industry Ventures.

“Neither party will be required to pay the other a termination fee as a result of the mutual decision to terminate the business combination agreement,” the companies said in a joint press release.

PFDR down 1.3%

In pre-market trading, Pathfinder, trading under the PFDR ticker, was down 1.3% at $9.68.


0.64 Price
+2.100% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168


43,746.60 Price
-0.250% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00

Oil - Crude

69.40 Price
-3.950% 1D Chg, %
Long position overnight fee -0.0207%
Short position overnight fee -0.0013%
Overnight fee time 22:00 (UTC)
Spread 0.040


2,026.18 Price
+0.310% 1D Chg, %
Long position overnight fee -0.0196%
Short position overnight fee 0.0114%
Overnight fee time 22:00 (UTC)
Spread 0.30

In July, the two companies agreed to merge in a deal that would value ServiceMax at $1.4bn with a Nasdaq listing under the SMAX ticker.

Pathfinder said it intends to continue to pursue a business combination prior to its dissolution deadline of 19 February 2023.

Read more: Shareholders to vote on almost bn in US SPAC deals this week

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

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