Libity is a special purpose acquisition company (SPAC), which is a shell company formed to raise capital to acquire a private business and take it public. The company has no operations or revenue, focusing instead on managing its trust account and identifying a merger target. Libity is currently pursuing a business combination with Blue Finance, a UK-based consumer lending fintech. Blue Finance provides consumer loans through digital channels and uses credit facilities from institutional partners to fund its lending. Under the proposed deal, a new Irish holding company, Beckwell One, will become the publicly traded entity. Originally focused on India-based targets, Libity shifted its strategy toward fintech after Samara Special Opportunities acquired control of the sponsorship in August 2025. The company has experienced substantial shareholder redemptions, which have severely depleted its trust account. Due to delays in completing a business combination, Nasdaq delisted Libity in 2025, and its shares now trade on the OTC Markets. If the Blue Finance deal fails to close by November 2026, Libity must identify an alternative target by May 2028 or face liquidation.