Berenson Corp I Ends Merger Plans with Custom Health

The latest update is out from Berenson Corp I ( (BACA) ).

Berenson Acquisition Corp. I and Custom Health, Inc. mutually terminated their previously announced business combination agreement as of September 17, 2024. Following the termination, the agreement is considered null and void, with no liabilities for any party involved except for certain provisions outlined in the Termination Agreement. As part of the termination conditions, Custom Health is obliged to repay $37,500 to Berenson Acquisition Corp. I, a sum that was initially advanced in relation to the planned business combination.

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