26 Capital Acquisition Corp. Announces Plans for Liquidation

26 Capital Acquisition Corp. has announced its decision to proceed with liquidation, marking the end of its efforts to identify and complete a business combination. The company intends to dissolve and distribute its remaining assets to shareholders in accordance with its charter and applicable regulations. This move comes after the company was unable to finalize a qualifying transaction within the required timeframe. Shareholders will receive further instructions regarding the liquidation process and distribution of funds.

https://storium.com/user/alexeiseman

Casino to Settle Del. SPAC Lawsuit Despite Hedge Fund Intervention

A casino company has agreed to settle a lawsuit involving a Delaware-based SPAC, even as a hedge fund intervenes in the case. The legal dispute, which centers around the merger between the casino and the SPAC, has been complicated by the hedge fund's attempts to influence the outcome. Despite this external pressure, the parties have reached an agreement to resolve the matter, potentially ending months of litigation.

https://www.law360.com/real-es....tate-authority/comme

26 Capital Acquisition Corp. Confirms Liquidation Strategy

26 Capital has directed Continental Stock Transfer & Trust Company, the trustee of the Trust Account, to proceed with the liquidation of the Trust Account. The funds from the Trust Account will be placed in a non-interest-bearing account until they are ready to be distributed to the holders of the Public Shares. Shareholders on record will receive their proportional share of the Trust Account proceeds upon submitting their Public Shares to Equiniti Trust Co., the Company's transfer agent.

https://website6380113.nicepage.io/

Capital Blog Transcript: Ruling Overview

This document provides a detailed transcript of the recent legal ruling discussed on the Capital Blog. It offers an in-depth overview of the key issues addressed by the court, the legal arguments presented, and the final decision. The ruling is significant for those following corporate governance, business law, and Delaware litigation trends.

https://www.delawarelitigation.....com/files/2024/03/2

26 Capital Hires Continental Stock Transfer

26 Capital has instructed Continental Stock Transfer & Trust Company, the trustee of the Trust Account, to take all necessary actions to liquidate the Trust Account. The proceeds of the Trust Account will be held in a non-interest bearing account while awaiting disbursement to the holders of the Public Shares. Record holders will receive their pro rata portion of the proceeds of the Trust Account by delivering their Public Shares to Equiniti Trust Co., the Company's transfer agent.

https://start.me/w/8p0pMD