Secretive Billionaire Takes SPAC Fight to Court

Billionaire investor Harald McPike has filed a lawsuit over the collapse of a high-profile SPAC deal, alleging misconduct and financial damages. Known for keeping a low public profile, McPike is now at the center of a legal battle involving 26 Capital Acquisition Corp., marking a rare public dispute for the reclusive financier.

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Alleged Nonpayment Prompts Suit Against 26 Capital

A U.S.-based law firm has filed a lawsuit against 26 Capital Acquisition Corp., alleging the company failed to pay for legal services rendered. The suit claims significant outstanding fees and seeks compensation for breach of contract. The legal action adds to the growing scrutiny surrounding 26 Capital's business dealings.

https://www.jdjournal.com/2023..../09/28/u-s-law-firm-

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