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Merger Termination
14 posts
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.
QOMPLX and Tailwind Acquisition Terminate Merger Agreement
Tailwind last month abruptly adjourned two separate shareholder meetings as a vote on the deal was imminent.
China’s Tech Crackdown Thwarts Pony.ai’s U.S. SPAC Listing Plans: Report
Pony.ai has negotiated exclusively with VectoIQ Acquisition II with the purpose of going public through a merger before October.
Jam City and DPCM Capital Terminate $1.2B Deal
The companies cited current market conditions as the reason for calling off the merger.
Ackman’s Pershing Square SPAC Cancels $4B Universal Music Deal Over SEC Scrutiny
Ackman said the decision was based on concerns raised by the SEC over whether Pershing's post-deal IBC structure would qualify under NYSE rules.
Achronix and ACE Convergence Acquisition Terminate Merger Agreement
The parties said they believe that they would not not be able to meet all closing conditions by the July 15 deadline.
Sportradar Punts $10B SPAC Deal in Favor of Traditional IPO: Report
Sportradar and Horizon Acquisition II, a SPAC led by Los Angeles Dodger co-owner Todd Boehly, are walking away from a potential deal to take the sports data provider public.
Apollo and Vista Halt $15B Merger Talks: Report
One of this year’s biggest blank-check mergers has been put on ice amid tremors in technology stocks and broader market volatility.
Red Sox Parent Ends Deal Talks with Billy Beane’s SPAC: Report
The parent company of the Boston Red Sox has ended talks to sell a minority stake to RedBall Acquisition Corp RBAC.N, a blank-check firm co-chaired by baseball executive Billy Beane, Axios reports.