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Merger Termination

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Ross Acquisition II
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Atom Bank Calls Off Merger with Ross Acquisition II

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.
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Ackrell SPAC Partners I Terminates Blackstone Deal and Will Liquidate

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.