26 Capital Acquisition Corp. and UE Resorts International (UERI) have opted to postpone the termination date for their amalgamation agreement. Both firms reiterated their dedication to the transaction initially unveiled in October 2021 but conceded that additional time is required to finalize all aspects. The revised deadline is October 1, 2023, prolonging it by twelve months.
26 Capital stressed that this extension demonstrates their commitment to a prosperous merger, affording sufficient time to resolve outstanding particulars. They are optimistic that the amalgamation will ultimately prove advantageous for both entities, with UERI transforming into a publicly listed company on the Nasdaq stock exchange.
Jason Ader, Chairman and Chief Executive Officer of 26 Capital, conveyed his sustained enthusiasm regarding the agreement, underscoring the exceptional prospect for stakeholders to capitalize on the flourishing Asian gaming sector.
The indication that Universal Entertainment is eager to prolong the contract for an additional year demonstrates that both groups are dedicated to finalizing this purchase.”
This statement pertains to the current circumstances surrounding Okada Manila. In the previous month, Adelle communicated with *Inside Asian Gaming* regarding Universal Entertainment’s endeavors to reclaim authority over the gaming establishment. As a refresher, in May, Kazuo Okada, who had been removed from his positions as CEO and Chairman, entered Okada Manila with his own team of executives and forcibly seized control of the property.
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