Okada Manila Seeks to End NASDAQ Merger, Alleges SPAC Fraud

The integrated resort in the Philippines, has filed counterclaims against the US SPAC 26 Capital Acquisition Corp, aiming to terminate their merger agreement for a NASDAQ listing. The claims, spearheaded by Toji Takeuchi, accuse the SPAC of fraud and breaches of US securities laws.

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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