Monday, July 15, 2024
HomeNewsPhilippines26 Capital SPAC dissolution blocked by courts

26 Capital SPAC dissolution blocked by courts

According to Reuters, the temporary restraining order was granted on Wednesday in a court in Delaware, where the legal measures have played out.

26 Capital had issued a notice last week that it was planning to close down and liquidate its accounts by October 13th.

The firm challenging the closure says that the move could block its chance to receive unpaid legal fees.

26 Capital has issued a statement saying it would fight the ‘unfounded legal actions’.

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