London SPAC Ditches Effort to Raise Funds for Insurance Deal 

The lawsuit in Delaware’s Chancery Court seeks a preliminary injunction requiring Digital Virgo to keep the deal with Goal Acquisitions on track pending arbitration of its bid to call off the transaction.

The family office of secretive billionaire Harald McPike has accused US gaming investor Jason Ader of fraudulently inducing it into backing his SPAC. This follows the collapse of the SPAC's deal to acquire a Phillipines casino.

An increasing number of acquisitions by blank check companies risk being derailed as retail investors fail to show up in sufficient numbers for critical shareholder votes on the deals, The Financial Times reports, citing industry executives.