Merger Termination

The deal was announced less than three months ago.

The SPAC's shareholders earlier this month voted in favor of the deal -- and gave Cohn Robbins until December to complete the merger.

The parties in March cut tado's enterprise value to EUR 400 million from approximately EUR 450 million.

There were concerns from the UK that Atom Bank – currently valued at just under GBP 500 million – would go public in New York after reported interest from a SPAC run by Wilbur Ross, the commerce secretary under former President Donald Trump.

As previously reported, Blackstone's parent company declined to loan Ackrell the $200,000 requested under a June promissory note for up to $600,000. As of yesterday, the SPAC had not received the loan, which was required as a deposit into its trust in order to receive another deadline extension on the merger.

At announcement, the transaction was expected to deliver $182 million in gross proceeds.

MANSCAPED is on the hook to Bright Lights for a termination fee of $1 million, payable in installments over the next two years.

"Crown intends to vigorously pursue its remedies," the SPAC said in an 8-K filing.

Broadscale in the filing said it will work to identify another acquisition target before its Feb. 17, 2023 deadline.

Breeze CEO J. Douglas Ramsey said the SPAC will work to identify another target.