Toji Takeuchi
Okada Manila, a leading integrated resort in the Philippines, has filed counterclaims against US-based SPAC firm 26 Capital Acquisition Corp. The move, supported by CEO Toji Takeuchi, seeks to terminate a planned merger that would have listed Okada Manila on the NASDAQ stock exchange.
Okada Manila, a leading integrated resort in the Philippines, has filed counterclaims against US-based SPAC firm 26 Capital Acquisition Corp. The move, supported by CEO Toji Takeuchi, seeks to terminate a planned merger that would have listed Okada Manila on the NASDAQ stock exchange.
The parents of Okada Manila are looking to terminate their merger agreement with a SPAC partner aimed at a US listing. They accuse the partner of fraud and breaching US securities laws, claiming that the merger process involved deceptive practices, undermining their trust and future business prospects.
Okada Manila's parents are looking to terminate their merger agreement for a U.S. listing, accusing their SPAC partner of fraud and breaching U.S. securities laws. The legal dispute involves claims of misconduct, with key figures like Toji Takeuchi linked to the controversy. The case could impact future SPAC deals.
