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Churchill Capital Corp VII和CorpAcq终止业务合并
2024-08-19 15:23
- Churchill Capital Corp. V Units Cons of 1 Sh -A- + 1/4 Wt 10.27(CCV.UN) 0
- Churchill Capital Corp. VII Class A(CVII) 0
- Special purpose acquisition company Churchill Capital Corp VII (NASDAQ:CVII) and CorpAcq Holdings, have mutually agreed to terminate their previously announced merger agreement due to IPO market conditions, effective Sunday.
- "While market conditions are not favorable today for the public listing of CorpAcq through our proposed merger, we continue to believe in the strong fundamentals and growth prospects of the Company," said Michael S. Klein, Chairman and CEO of Churchill VII.
- In view of the termination of the Merger Agreement, Churchill (CVII) will not complete an initial business combination by August 17, being the deadline required by its Amended and Restated Certificate of Incorporation.
- Churchill intends to dissolve and liquidate the proceeds contained in the trust account in accordance with the provisions of its Certificate of Incorporation.
- Source: Press Release
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