Sports-Based SPAC Ceases Operations After Failed Merger

By Elaine Briseño (September 25, 2023, 1:23 PM EDT) -- A London-based blank-check company that had hoped to acquire a global sports franchise is shuttering and returning the $10.82 per share to investors raised during its initial public offering because it has failed to consummate a business combination in the required time frame, according to a Monday statement....

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