Reported Thursday, Noventiq And Corner Growth Acquisition Corp. Cancel Merger Citing Challenging SPAC Market Environment

7/5/24 2:08:04 AM ET

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Marvin Tien, Co-Chairman & CEO of Corner Growth, said: "After considering the current market environment, the Corner Growth and Noventiq teams have mutually agreed to terminate the transaction. This decision aligns with our shared commitment to maximizing value for all of our stakeholders. We believe that Noventiq is well positioned to thrive as a private company at this time, and the Corner Growth team will continue to be vigilant in our pursuit of value-creating opportunities for our shareholders and are confident in our ability to identify alternative pathways to a successful transaction."

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Noventiq Holdings plc and Corner Growth Acquisition Corp. Mutually Terminate Transaction
Noventiq Holdings plc ("Noventiq"), a global digital transformation and cybersecurity solutions and services provider, and Corner Growth Acquisition Corp. (NASDAQ:COOL) ("Corner Growth"), a special purpose acquisition company led by veteran technology investors ("Sponsors"), announced today a mutual agreement to terminate their merger agreement, originally entered into on May 4, 2023, and amended and restated on December 29, 2023, effective immediately. Noventiq and Corner Growth made this decision as a result of current unfavourable SPAC market conditions and other factors. Hervé Tessler, CEO of Noventiq, said: "Due to current SPAC and equity market conditions, it was mutually agreed tha
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Reported Thursday, Noventiq And Corner Growth Acquisition Corp. Cancel Merger Citing Challenging SPAC Market Environment

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