Okada Manila Seeks to Abort SPAC Deal, Alleging Fraud & Violations

Okada Manila is moving to abort its SPAC merger, accusing its partner of fraud and breaching U.S. securities laws. Toji Takeuchi, a key figure in the dispute, is at the center of the allegations, raising concerns over the deal's integrity and legal compliance.

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Okada Manila parents looking to terminate merger agreement for US listing, accuse SPAC partner of fraud and breaching US securities laws – IAG
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Okada Manila parents looking to terminate merger agreement for US listing, accuse SPAC partner of fraud and breaching US securities laws – IAG

The operating entities of Philippines integrated resort Okada Manila have filed a series of counterclaims against US-based SPAC firm 26