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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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