StartupsBetaKitabout 1 hour ago
UniUni Seeks Private Funding as SPAC Deal Falters
2 min read
MAK Acquisition Corp sent UniUni a notice of breach on Thursday, alleging deteriorating finances violated their May merger agreement and giving 15 business days to fix it. The next morning, UniUni announced a term sheet for private funding from an undisclosed existing investor, potentially scuttling its billion-dollar SPAC listing.
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