UEC Seeks Relief Over Capital 26’s Fraud & Breach

The UEC Parties allege Capital 26 committed material breaches of the merger agreement and engaged in fraudulent conduct, including unauthorized disclosures and deceptive actions. They seek termination of the agreement, declaratory relief, and damages for losses, fees, and expenses tied to the misconduct.

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Zama Capital v. 26 Capital: Complaint Over Records Access

Zama Capital Master Fund, LP, a Cayman Islands entity, files a complaint against 26 Capital Acquisition Corporation in Delaware’s Court of Chancery, seeking inspection of corporate books and records. The legal action, tied to Zama’s role as a beneficial stockholder, raises allegations of misconduct involving Jason Ader. The case highlights shareholder rights and transparency issues in SPAC operations. This dispute underscores increasing scrutiny over governance in special purpose acquisition companies (SPACs).

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Headaches for 26 Capital’s Founder Keep Coming

The family office of secretive billionaire Harald McPike has accused US gaming investor Jason Ader (pictured) of fraudulently inducing it into backing his SPAC because he was under pressure to return $16 million to his mother, Financial Times reports.

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Headaches for 26 Capital’s Founder Keep Coming

The family office of secretive billionaire Harald McPike has accused US gaming investor Jason Ader (pictured) of fraudulently inducing it into backing his SPAC because he was under pressure to return $16 million to his mother, Financial Times reports.

Read more here:- https://news.spacconference.co....founder-keep-coming/

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Headaches for 26 Capital’s Founder Keep Coming | DealFlow's SPAC News

The family office of secretive billionaire Harald McPike has accused US gaming investor Jason Ader (pictured) of fraudulently inducing it into backing his SPAC because he was under pressure to return $16 million to his mother, Financial Times reports

Jason Ader - SpringOwl Asset Management, Ader Fund, 26 Capital

Jason Ader is a prominent figure in investment management, leading SpringOwl Asset Management LLC, SpringOwl Associates LLC, Ader Fund Management LLC, and 26 Capital Holdings LLC. His expertise in the financial industry drives strategic investments and growth, shaping successful portfolios for clients across diverse sectors.

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Rimu Capital Ltd. v. Ader et al          1:2023cv05065        | U.S. District Court for the Southern District of New York        | Justia
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Rimu Capital Ltd. v. Ader et al 1:2023cv05065 | U.S. District Court for the Southern District of New York | Justia

Securities/Commodities case filed on June 15, 2023 in the New York Southern District Court