Investcorp Europe Acquisition Corp. I Announces Termination Of Business Combination Agreement With Zacco Holdings; Under The Terms Of The Business Combination Agreement, The Co Will Receive A $30M Termination Payment. It Is Expected That At Least $20M Of Such Termination Amount Would Be Used To Pay Expenses Incurred By The Co
Investcorp Europe Acquisition Corp I (NASDAQ:IVCB) (the "Company")today announced it has terminated the previously announced business combination agreement with Zacco Holdings (formerly OpSec Holdings), as amended (the "Business Combination Agreement") pursuant to Section 15.1 thereof. Under the terms of the Business Combination Agreement, the Company will receive a $30 million termination payment. It is expected that at least $20 million of such termination amount would be used to pay expenses incurred by the Company. The Company is currently considering whether to seek an alternative business combination or dissolve.
