Linqto Terminates $700 Million SPAC Merger Deal

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Investment firm Linqto has ended its planned merger with Blockchain Coinvestors Acquisition Corp, a special purpose acquisition company (SPAC), citing market conditions and the challenging environment for SPACs.

- Investment firm Linqto has terminated its $700-million deal to go public by merging with Blockchain Coinvestors Acquisition Corp, the blank-check company said on Monday.

SPACs, which boomed in 2020, have been struggling since the past couple of years as the market for blank check companies has soured due to poor financial performance and a regulatory crackdown by the U.S. Securities and Exchange Commission. Sonia Ferreira's two-story house with a pool and garden on the Brazilian coast was yet another casualty of the advancing waves of the Atlantic Ocean, pushed higher by climate change. On a recent visit, the 80-year-old retiree glanced around the mound of rubble left from the home she abandoned before it was destroyed in 2022 by the pounding waves in Atafona, north of Rio de Janeiro.

Erik ten Hag is facing a defining week at Manchester United after Sunday’s shambolic 3-0 defeat at home by Tottenham piled on the pressure ahead of trips to Porto and Aston Villa. Telegraph Sport analyses some of the factors behind the mess that has left the team going backwards and the Dutchman again fighting for his job.Is Snowflake Inc the Top Underrated AI Stock to Buy for 2025?

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