Model agency Elite Model World’s merger discussions with Galileo Acquisition have collapsed without a deal being reached, Bloomberg reported, citing people with knowledge of the matter.
Galileo is reportedly searching for a new merger target. Its last public filing, a 10Q on Nov. 6, does not mention Elite. Galileo has until July 2021 to complete a deal. The New York-based SPAC raised $138 million in an IPO in 2019. Read more.
