Reported Thursday, Noventiq And Corner Growth Acquisition Corp. Cancel Merger Citing Challenging SPAC Market Environment
Portfolio Pulse from Benzinga Newsdesk
Noventiq and Corner Growth Acquisition Corp. have mutually agreed to cancel their merger due to the challenging SPAC market environment. Both companies believe this decision will maximize value for their stakeholders.
July 05, 2024 | 3:00 pm
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Corner Growth Acquisition Corp. (COOL) and Noventiq have canceled their merger due to the challenging SPAC market environment. This decision is aimed at maximizing stakeholder value.
The cancellation of the merger is likely to negatively impact COOL's stock price in the short term due to the market's perception of the challenging SPAC environment and the lost opportunity for growth through the merger.
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