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26 Capital Launches Legal Battle Over Stalled Okada Manila Merger SPAC sponsor 26 Capital has filed a lawsuit against entities linked to Okada Manila, alleging delays and failure to fulfill obligations related to their proposed merger. The legal action marks a significant escalation in the stalled deal, originally aimed at taking the Philippine-based casino and resort operator public through a special purpose acquisition company. 26 Capital claims that Okada Manila’s inaction has jeopardized the transaction, prompting the court filing to enforce the terms of the agreement. https://www.asgam.com/index.php/2023/02/07/proposed-spac-partner-26-capital-files-lawsuit-against-okada-manila-entities-for-failure-to-promptly-act-on-merger/

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