Former Google Exec Explains Why He Didn’t Use a SPAC to Take Upstart Public: Report

Jason Ader founded 26 Capital Acquisition, which agreed to combine with the Okada resort to give it a Nasdaq stock listing. But Ader, whose firm sued to revive the failed deal, testified Monday that Universal started working to sabotage the Philippines casino transaction starting in 2022. Universal declared the merger dead on June 30.

Loeb’s Third Point disclosed a 6.4% stake today in the senior-care facility operator, saying it should put itself on the block due to “the market’s largely unfavorable view” of companies that merged with SPACs.

“Truth Social’s disaster of a launch, among many other red flags regarding TMTG, raise valid concerns over execution and the company’s long-term viability,” Kerrisdale Capital said in the report.

Legendary Entertainment, producer of the hit 2021 film “Godzilla vs. Kong,” has been working with the investment bank LionTree on possible deals, Bloomberg reports.