Okada Manila Parents Seek to Terminate US SPAC Merger Over Fraud

Okada Manila's parent company moves to terminate its merger agreement with a SPAC for a US listing, accusing the partner of fraud and breaching US securities laws. The company claims that Toji Takeuchi, a key figure, played a significant role in these violations, jeopardizing the deal and investor trust.

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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