26 Capital Sues Okada Manila Over Merger Delay Issue

Alexeiseman05 Feb, 2025Business

26 Capital has filed a lawsuit against Okada Manila entities for failing to promptly act on a proposed merger. The lawsuit claims that Okada Manila's failure to move forward with the merger process within the agreed timeline has caused significant delays. 26 Capital, a special purpose acquisition company (SPAC), alleges that Okada Manila's inaction is detrimental to the potential business deal.