26 Capital pushing on with Okada Manila merger despite boardroom drama

The Florida-based SPAC, which is backed by industry veteran Jason Ader, said the U.S. Securities and Exchange Commission has declared the registration statement in connection with the combination as effective.

The June 3rd announcement said the company has also set a special meeting of its shareholders to approve the merger on June 28th. If the proposals at the Special Meeting are approved, the parties anticipate that the Business Combination will close shortly thereafter, subject to the satisfaction of all other closing conditions.

The statement makes no specific reference to the takeover of the main asset in the merger combination, which is now in different management hands.

Source: https://agbrief.com/news/philippines/09/06/2022/26-capital-pushing-on-with-okada-manila-merger-despite-boardroom-drama/