Okada Manila Seeks to Terminate SPAC Merger, Alleges Fraud

Tojitakeuchi18 Sep, 2024Business

The operating entities of the Philippines? integrated resort Okada Manila, led by Toji Takeuchi, have filed counterclaims against the US-based SPAC 26 Capital Acquisition Corp. They are seeking to terminate a planned NASDAQ listing merger, accusing the SPAC of fraud and breaching US securities laws.