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Merger Termination
22 posts
Apex Fintech Terminates $4.7B Deal with Northern Star Investment II
Northern Star II said it had spent eight months trying unsuccessfully to get its S-4 on the deal cleared by the SEC.
Volocopter Cancels SPAC-IPO
The eVTOL developer told its investors that it was an “extremely unfavorable” time for SPAC transactions.
Valo Health and Khosla Ventures Acquisition Terminate Merger
Both sides cited unfavorable market conditions.
Foley’s Austerlitz Acquisition I Terminates Wynn Interactive Deal
Announced in May, the deal valued the combined enterprise at $3.2 billion.
BBQGuys and Velocity Acquisition Terminate $963M Deal
Velocity founder Doug Jacob vowed to forge on in pursuit of an acquisition.
Plus and Hennessy Capital Investment V Terminate Merger Agreement
The companies cited recent developments in the regulatory environment outside of the United States.
AeroFarms and Spring Valley Acquisition Terminate Merger Agreement
Spring Valley shareholders voted in favor of the merger in August, however, heavy redemptions ahead of the vote caused the SPAC to fall far short of the minimum cash requirement to close the deal.
Parallel and Scooter Braun-backed Ceres Acquisition Mutually Terminate $1.89B Deal
Ceres said it intends to continue to pursue the completion of a qualifying transaction prior to the March 3, 2022 deadline.
Giga Energy Terminates Merger with Yunhong International SPAC
The business combination had not been completed by July 30, which was the stated reason for calling off the deal.
Malacca Straits Acquisition and Asia Vision Network Terminate Merger Agreement
Malacca Straits CEO Kenneth Ng said, "various unforeseen circumstances beyond the control of either party" precluded completion of the merger.