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Merger Termination
177 posts
Kin Insurance and Omnichannel Acquisition Terminate Merger Agreement
The SPAC’s stockholders were set to vote on the deal Feb. 1.
Pioneer Merger and Acorns Terminate $2.2B Deal
Acorns, an investing app, is on the hook for $17.5 million in termination fees to the SPAC and another $15 million if Pioneer does not close another deal by Dec. 15 and decides to liquidate.
SCVX and Bright Machines Mutually Agree to Terminate Merger
Both companies cited "the low likelihood" of closing the deal prior to the looming Jan. 15 "outside date” in the merger agreement, as well as current market conditions.
FAST Acquisition and Fertitta Entertainment Quit Merger Transaction
The parties in a news release said a settlement was reached regarding their disagreement over the termination date in the merger agreement.
Pathfinder Acquisition Terminates $1.4B ServiceMax Deal
It was just a week ago today that Service Max agreed to slash $100 million off the minimum cash condition to seal the deal.
Apex Fintech Terminates $4.7B Deal with Northern Star Investment II
Northern Star II said it had spent eight months trying unsuccessfully to get its S-4 on the deal cleared by the SEC.
Volocopter Cancels SPAC-IPO
The eVTOL developer told its investors that it was an “extremely unfavorable” time for SPAC transactions.
Valo Health and Khosla Ventures Acquisition Terminate Merger
Both sides cited unfavorable market conditions.
Foley’s Austerlitz Acquisition I Terminates Wynn Interactive Deal
Announced in May, the deal valued the combined enterprise at $3.2 billion.
BBQGuys and Velocity Acquisition Terminate $963M Deal
Velocity founder Doug Jacob vowed to forge on in pursuit of an acquisition.