Acorns’ stock to take root after investing app OKs merger

NEW YORK (AP) — Acorns Grow plans to have its own stock trading on the Nasdaq soon after the financial technology company announced a merger with what’s known as a blank-check company. Acorns will combine with Pioneer Merger, a company whose stock trades on the Nasdaq but had no real business except for looking for another business to merge with. The deal values Acorns at about $2.2 billion. Acorns says it’s the largest subscription service in U.S. finance, and its $1 monthly plan helps users automatically steer their spare change from everyday purchases into index fund investments.