Pathfinder Acquisition and Service Max, announced today that both companies have mutually agreed to terminate their business combination agreement, effective immediately, due to unfavorable market conditions.
It was just a week ago today that Service Max agreed to slash $100 million off the minimum cash condition to seal the deal. A SPAC shareholder vote was set for tomorrow on the transaction, which originally valued the combined companies at $1.4 billion.
ServiceMax provides asset-centric field service management software. Read more.
