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Merger Termination
91 posts
FoxWayne Parts Ways with Clover
FoxWayne had also terminated an agreement with Aerami Therapeutics in March 2022.
January 20, 2023
IG Acquisition Terminates PlayUp Merger, will Dissolve
The $350 million deal with PlayUp, a global online betting operator, was announced less than four months ago.
January 9, 2023
DTRT Health Acquisition will Liquidate After Terminating Consumer Direct Deal
DTRT's sponsor resolved to make no further contributions to the SPAC's trust for deadline extensions. Without those deposits, DTRT said in the filing it is thus obligated to liquidate and redeem shares as soon as practicable.
January 5, 2023
Far Peak Acquisition will Dissolve Next Year After Calling Off Deal with Bullish
Far Peak said it does not intend to seek a new merger partner and will instead focus on winding up either on March 7, 2023, or sooner.
December 27, 2022
SPK Acquisition Terminates Varian Deal, Announces Liquidation
The SPAC in an 8-K filing today said it has called off its proposed merger with Varian Biopharmaceuticals, alleging the target is in breach "of one or more covenants" in the merger agreement.
December 27, 2022
Aries I Acquisition Terminates $700M Merger Deal with Infinity Assets
Aries has up to 8 more additional monthly deadline extensions it could deploy in pursuit of another deal.
December 19, 2022
Americas Technology Acquisition Calls Off Merger Agreement with Rally Communitas
The deal announced in June valued Rally at pro forma enterprise value of $208 million.
December 12, 2022
Saxo Bank Terminates SPAC Deal Ending Public Listing Ambitions
The potential deal between Saxo and the SPAC was initially announced in mid-September. If it had materialized, the merged entity was expected to list on the Euronext Amsterdam.
December 7, 2022
Intrinsic Medicine and Phoenix Biotech Acquisition Mutually Agree to Terminate Deal
As announced in October, Intrinsic was set to receive up to $178.8 million of cash held in trust, which assumed zero redemptions. The business combination reflected a pre-money equity value of $136 million for Intrinsic.
December 7, 2022
Footprint and Gores Holdings VIII Call Off Merger Agreement
Gores VIII in September had announced that developing market conditions prompted it to lower the estimated pro forma enterprise value of Footprint to $1 billion, down from $1.6 billion.
December 5, 2022