Jason Ader Faces Removal Bid After SPAC Failure
An investor in 26 Capital has formally requested the removal of Jason Ader as principal of the firm, citing his role in the failed merger with Okada Manila. The proposed deal, once valued at over $2.5 billion, collapsed after prolonged legal and regulatory challenges. The investor claims the failed SPAC transaction reflects poor leadership and decision-making, raising questions about Ader’s continued role in the company.
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