Okada Manila Parents Seek to End Merger, Accuse SPAC Partner of Fraud

Okada Manila's parent company aims to terminate its merger agreement for a U.S. listing, accusing its SPAC partner of fraud and breaching U.S. securities laws. The company, led by Toji Takeuchi, claims that the merger deal was undermined by illegal actions. This move marks a significant challenge in the ongoing partnership.

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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