Accretion Acquisition in an 8-K disclosed that a letter of intent signed last month for a potential merger with New Era Helium has been cancelled.
The SPAC said it expects to continue pursuing other potential business combinations.
Accretion raised $180 million in an October 2021 IPO to target the energy value chain, although redemptions in April this year removed 88% of the trust on an extension vote. Read more.
