Liberty Resources Acquisition Terminates Caspi Oil Gas Deal

Liberty Resources Acquisition in a regulatory filing said it has called off a deal by mutual decision with Markmore Energy, which controls the SPAC’s former target, Caspi Oil Gas.

The parties cited challenging global economic conditions for the decision to terminate.

Malaysia-based Liberty entered into the business combination with Caspi Oil Gas in December 2022 at a proforma enterprise value of $427.7 million at that time. Read more.

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