Secretive Billionaire Takes SPAC Fight to Court

Billionaire investor Harald McPike has filed a lawsuit over the collapse of a high-profile SPAC deal, alleging misconduct and financial damages. Known for keeping a low public profile, McPike is now at the center of a legal battle involving 26 Capital Acquisition Corp., marking a rare public dispute for the reclusive financier.

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Alleged Nonpayment Prompts Suit Against 26 Capital

A U.S.-based law firm has filed a lawsuit against 26 Capital Acquisition Corp., alleging the company failed to pay for legal services rendered. The suit claims significant outstanding fees and seeks compensation for breach of contract. The legal action adds to the growing scrutiny surrounding 26 Capital's business dealings.

https://www.jdjournal.com/2023..../09/28/u-s-law-firm-

Failure of Okada Manila Merger Forces 26 Capital to Delist and Liquidate

26 Capital Acquisition Corp. has announced its decision to delist and initiate liquidation following the failure of its proposed merger with Okada Manila. Despite efforts to complete the merger, the deal could not be finalized, prompting the company to take decisive steps toward winding down its operations. As part of the process, 26 Capital will begin liquidating its assets and return capital to its shareholders.

https://www.findit.com/darzgcynlszmkae

26 Capital Acquisition Corp. Commences Liquidation Process

26 Capital Acquisition Corp. has officially begun the liquidation process, marking a significant step in the company’s strategic decision to wind down its operations. This move follows a series of evaluations and reflects the company's efforts to return capital to shareholders. As part of the liquidation process, 26 Capital Acquisition Corp. will settle any outstanding debts, distribute remaining assets to shareholders, and ultimately cease its operations.

https://www.prnewswire.com/new....s-releases/26-capita

Casino Moves to Close Delaware SPAC Suit Despite Hedge Fund Resistance

A casino company is taking steps to close its ongoing Delaware SPAC lawsuit, despite significant resistance from a hedge fund that has opposed the settlement. The lawsuit, involving a special purpose acquisition company (SPAC), has been complicated by the hedge fund's objections to the terms of the resolution.

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