US EditionSPAC firm involved in failed Okada Manila merger and US listing placed into Chapter 11 bankruptcy by founder Jason Ader
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SPAC firm involved in failed Okada Manila merger and US listing placed into Chapter 11 bankruptcy by founder Jason Ader
Controversial businessman Jason Ader has placed his special purpose acquisition company 26 Capital Acquisition Corp into Chapter 11 bankruptcy, citing a slew of unpaid debts. 26 Capital was the company through which Ader had previously sought a merger with Philippines integrated resort Okada Manila with a view to listing on the NASDAQ. That merger fell through in early 2023 with Okada Manila entities alleging “various material breaches of the m…
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