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ElectrIQ Investors Sue In Del. For SPAC Conversion Right

By Jeff Montgomery (October 11, 2023, 7:16 PM EDT) -- Investors who provided $11 million to backers of a $495 million clean energy special-purpose acquisition company merger are suing in Delaware's Court of Chancery for a finding that their equity conversion right was triggered pre-closing despite an alleged overhaul of the SPAC transaction terms....

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