Malacca Straits Acquisition Reports Termination Of Merger Agreement With Indiev, Inc And Its Intention To Liquidate
Portfolio Pulse from Benzinga Newsdesk
Malacca Straits Acquisition has terminated its merger agreement with Indiev, Inc, dated September 26, 2022, and announced its intention to liquidate.
June 13, 2023 | 8:03 pm
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NEGATIVE IMPACT
Malacca Straits Acquisition's termination of the merger agreement with Indiev, Inc and its intention to liquidate may negatively impact its stock price.
The termination of the merger agreement with Indiev, Inc and the announcement of liquidation plans may lead to uncertainty among investors and potential downward pressure on Malacca Straits Acquisition's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100