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Merger Termination
177 posts
Plus and Hennessy Capital Investment V Terminate Merger Agreement
The companies cited recent developments in the regulatory environment outside of the United States.
AeroFarms and Spring Valley Acquisition Terminate Merger Agreement
Spring Valley shareholders voted in favor of the merger in August, however, heavy redemptions ahead of the vote caused the SPAC to fall far short of the minimum cash requirement to close the deal.
Parallel and Scooter Braun-backed Ceres Acquisition Mutually Terminate $1.89B Deal
Ceres said it intends to continue to pursue the completion of a qualifying transaction prior to the March 3, 2022 deadline.
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.