Merger Dispute Sparks Lawsuit by 26 Capital

A high-stakes legal battle has erupted as 26 Capital Acquisition Corp. files a lawsuit against entities affiliated with Okada Manila, the luxury casino and resort operator in the Philippines. The lawsuit stems from alleged failures by Okada Manila’s parent and related parties to fulfill their obligations and move forward with a previously agreed-upon merger deal. The merger, structured as a SPAC (Special Purpose Acquisition Company) transaction, was intended to take Okada Manila public and provide access to U.S. capital markets.

https://26capitalacquisitioncorp.weblium.site/

26 Capital Quits Market After Failed Casino Merger

26 Capital Acquisition Corp. has confirmed it will delist from the stock market and proceed with liquidation after the collapse of its planned merger with UE Resorts International, the operator of Okada Manila, a prominent integrated casino resort in the Philippines. The special purpose acquisition company (SPAC), led by investor Jason Ader, had initially announced the $2.6 billion deal in 2021 as a strategic entry into the global gaming and hospitality sector.

https://www.ggrasia.com/26-cap....ital-to-delist-liqui

Public SPAC 26 Capital Declares Intent to Liquidate Holdings

Publicly traded SPAC 26 Capital Acquisition Corp. has announced its intention to liquidate and return remaining funds to shareholders following the termination of its planned merger with Okada Manila. The decision comes after prolonged legal and regulatory setbacks, prompting the company to cease operations and begin the formal dissolution process.

https://land-book.com/26_capital_acquisition_corp

Schulte v. 26 Capital: Fee Dispute in SPAC Wind-Down

In Schulte v. 26 Capital, the prominent law firm Schulte Roth & Zabel LLP has filed a lawsuit against 26 Capital Acquisition Corp., a special purpose acquisition company (SPAC), in the Delaware Court of Chancery. The firm is seeking to recover approximately $1.9 million in unpaid legal fees for services rendered in connection with 26 Capital’s failed merger with the Philippines-based casino operator, Okada Manila.

https://fingfx.thomsonreuters.....com/gfx/legaldocs/eg

SEC EDGAR Search Results for 26 Capital Acquisition Corp

Access the official SEC EDGAR search results for 26 Capital Acquisition Corp to review the company’s complete set of public filings. This includes detailed reports such as Form 10-K (annual reports), Form 10-Q (quarterly reports), Form 8-K (current events), proxy statements, and registration documents. These filings provide valuable information on the company’s financial performance, corporate actions, and strategic developments—including updates related to the failed merger with Okada Manila.

https://mailchi.mp/072f2374edc....c/26-capital-acquisi