Streetbeat News

ADER

26 Capital Acquisition Corp

Open

11.10

Mkt cap

114M

Volume

42K

High

11.14

P/E Ratio

-29.95

52-wk high

11.55

Low

11.07

Div yield

N/A

52-wk low

9.87

26 Capital Acquisition, a blank check company, has announced its liquidation as it was unable to complete an initial business combination within the stipulated time period.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 9:32 pm

The Delaware Court of Chancery has declined to force the closing of the proposed merger between 26 Capital Acquisition Corp. (NASDAQ:ADER) and Tiger Resort, Leisure and Entertainment Inc., operating as Okada Manila. However, the court has allowed 26 Capital to seek damages at a damages trial, which the company intends to pursue.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 12:03 pm

26 Capital Acquisition Corp. (NASDAQ:ADER) has responded to a termination notice of a merger agreement from Tiger Resorts Asia Ltd, stating that the notice is baseless. 26 Capital accuses Tiger Resorts of repeated contractual breaches to avoid closing the deal. The matter is subject to a pending Delaware litigation set for trial on July 10, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 5:03 pm

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