Cryptocurrency exchange Binance has bought a stake in the American edition of Forbes for $200 million, CNBC reports. According to sources, the deal will make Binance one of the publication’s largest shareholders.

Binance invested $200 million in exchange for an undisclosed stake. The deal will help Forbes finalize preparations to go public via SPAC in the first quarter of 2022. It will trade under the ticker FRBS.

According to sources, Binance’s investment will be part of the $400 million that Forbes had to raise from private investors. As a result, the crypto exchange will become one of the largest shareholders of the publication.