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Merger Termination
140 posts
Appian Capital Terminates $1B Nickel and Copper Mine Deal with ACG Acquisition
There was a lack of interest from minority investors at the stage of the $300-million equity offering which ACG planned as part of the deal, despite the presence of Stellantis and Glencore as anchor investors.
September 29, 2023
Integrated Wellness Acquisition Walks Away From Refreshing USA Deal
The SPAC and its sponsor say they intend to seek alternative ways to complete a business combination. A completion deadline is coming up in December.
September 27, 2023
Social Leverage I Calls Off Deal with W3BCLOUD
Neither party is required to pay fees or expenses to the other. The SPAC said it will now pursue alternative targets.
September 25, 2023
26 Capital Runs Out of Time on Casino Deal, Will Dissolve
26 Capital Acquisition announced that it will be unable to complete a business combination by its deadline due to a Delaware Court ruling denying the SPAC's request to compel its merger partner -- the owner of a Philippines casino -- to complete the deal.
September 22, 2023
Growth for Good Acquisition Terminates ZeroNox Deal After 7th Vote Delay; Will Liquidate
Heavy redemptions ultimately derailed the deal.
September 12, 2023
Spree Acqusition 1 and zTrip Call Off Deal
Spree is a taxi fleet operator. The deal was announced last October at an equity value of $251 million.
August 24, 2023
InterPrivate III Financial Partners Calls Off Aspiration Deal
Because the dead deal is considered a "qualifying termination," InterPrivate III is entitled to a $7 million termination fee plus equity of $13 million, but the SPAC said it could provide no assurance that it will receive the fees.
August 23, 2023
Ross Acquisition II and APRINOIA Therapeutics Mutually Terminate $320M Deal
The SPAC was founded by Wilbur Ross, former commerce secretary during the Trump Administration.
August 22, 2023
Insight Acquisition and Avila Energy Mutually Agree to Terminate Deal
As part of the termination, Avila has agreed to pay Insight $300,000 as partial reimbursement of its costs.
August 14, 2023
Apeiron Capital Investment Terminates GIO World Health Deal, will Liquidate
The $250 million deal was announced in March with an anticipated closing in the second half of the year. No reason was given for the termination.
August 14, 2023