Okada Manila Seeks to End US Merger, Alleges SPAC Fraud

The operating entities of the Philippines integrated resort Okada Manila, led by Toji Takeuchi, have filed a series of counterclaims against the US-based SPAC firm 26 Capital Acquisition Corp. They are seeking to terminate a previously planned merger agreement that was set to list the company on NASDAQ.

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#usmerger

#allegesspac

Okada Manila Parents Seek SPAC Merger Termination Over Fraud Allegations

Okada Manila's operating entities have filed counterclaims against US-based SPAC firm 26 Capital Acquisition Corp in Delaware Court of Chancery, seeking to terminate a planned merger agreement intended for a NASDAQ listing. The counterclaims allege fraud, breaches of US securities laws, and violations of the merger agreement terms by 26 Capital and its founder, Jason Ader. The dispute centers on accusations of misleading statements and unauthorized use of confidential information by Ader, complicating efforts to finalize the merger. Read more here

https://asgam.com/2023/03/19/o....kada-manila-parents-

#okadamanila
#spacmerger

Okada Manila Parents Seek to Terminate Merger, Accuse SPAC Partner of Fraud

Okada Manila's parents aim to terminate the merger agreement with their SPAC partner, accusing them of fraud and violations of US securities laws. The dispute involves Toji Takeuchi, raising concerns over legal breaches in the process of a planned US listing. Legal action is underway to address these claims.

Visit here: https://tojitakeuchi.bravesites.com/

#terminatemerger

#parentsofokadamanila

#tojitakeuchi

Okada Manila Parents Seek to Terminate Merger, Accuse Toji Takeuchi and SPAC of Fraud

Okada Manila's parent company is trying to terminate its merger agreement with a SPAC, accusing Toji Takeuchi and the partner of fraud and violations of U.S. securities laws. The dispute raises concerns about the integrity of the proposed U.S. listing, with allegations of illegal activities affecting the deal's future.

Visit here:- https://asgam.com/2023/03/19/o....kada-manila-parents-

#tojitakeuchi

#terminatemarger

#okadamanila

Okada Manila Parents Seek to End Merger Over Fraud Claims

Okada Manila's parents are seeking to terminate their merger agreement with a SPAC partner for a U.S. listing. They accuse the partner of fraud and breaching U.S. securities laws. The dispute involves key figures like Toji Takeuchi and raises concerns over corporate governance and financial transparency.

Read more:- https://asgam.com/2023/03/19/o....kada-manila-parents-


#okadamanila
#tojitakeuchi