LOS ANGELES–(BUSINESS WIRE)–Crescent Acquisition Corp (“CAC” or the “Company”) (NASDAQ: CRSA, CRSAU, CRSAW), a publicly-traded special purpose acquisition company, together with F45 Training Holdings Inc. (“F45”), one of the fastest-growing fitness franchisors in the world, jointly announced today the termination of their previously announced business combination agreement. The termination is effective October 5, 2020.
Related Posts
Forbes Terminates $630M Deal with Magnum Opus
The news comes amid a downturn in sentiment for blank-check deals as regulatory scrutiny of SPACs tightens.
Viveon Health Acquisition Terminates Suneva Deal, Alleging Material Breaches of Agreement
Viveon last week adjourned its shareholders meeting until today for a vote on the deal.
AeroFarms and Spring Valley Acquisition Terminate Merger Agreement
Spring Valley shareholders voted in favor of the merger in August, however, heavy redemptions ahead of the vote caused the SPAC to fall far short of the minimum cash requirement to close the deal.
ClimateRock Scraps E.E.W. Eco Energy World Deal
EEW is an independent global developer of utility scale solar photovoltaic projects.