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Investcorp Europe Acquisition Corp. I Class A ( (IVCB) ) has issued an update.
Investcorp Europe Acquisition Corp I has terminated its business combination agreement with Zacco Holdings, opting to receive a $30 million termination payment instead. At least $20 million of this amount will cover incurred expenses. The company is now evaluating whether to pursue an alternative merger or to dissolve entirely. This decision follows a reassessment by the company’s Special Committee, which deemed the transaction inadvisable and not in the best interest of shareholders. An official press release was issued to announce the termination and the company’s future considerations.
See more data about IVCB stock on TipRanks’ Stock Analysis page.
