Brief: Dune Acquisition Received Notice From Tradezero That Purported To Terminate Merger Agreement
15/07/2022 23:28
July 15 (Reuters) - Dune Acquisition Corp DUNE.O :
* DUNE ACQUISITION CORP - ON JULY 13, DUNE RECEIVED A NOTICE
FROM
TRADEZERO THAT PURPORTED TO TERMINATE MERGER AGREEMENT
* DUNE ACQUISITION CORP - ON JULY 15, DUNE SENT A LETTER TO
TRADEZERO STATING TRADEZERO IS NOT PERMITTED TO TERMINATE MERGER
AGREEMENT
* DUNE ACQUISITION CORP - PURPORTED TERMINATION NOTICE IS
INVALID
AND UNENFORCEABLE, AND TRADEZERO CONTINUES TO BE BOUND TO ITS
OBLIGATIONS UNDER DEAL
* DUNE ACQUISITION CORP - STATED IN RESPONSE LETTER THAT IT
INTENDS TO TAKE ALL NECESSARY STEPS TO PROTECT ITSELF AND ITS
INVESTORS
Source text: (https://bit.ly/3PsXekB)
Further company coverage: DUNE.O
((Reuters.Briefs@thomsonreuters.com;))
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