Investcorp Europe Acquisition (IVCB) said Wednesday it has terminated its merger deal with Zacco Holding.
The blank check firm said it expects to receive $30 million as payment for the termination.
At least $20 million of the termination amount would be used to pay expenses incurred by the company.
Price: 11.48, Change: -0.03, Percent Change: -0.26
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.