26 Capital says Tiger Resorts Asia purported notice of termination ‘baseless’

26 Capital Acquisition Corp. confirms that on June 30 it received a purported notice of termination of the Agreement and Plan of Merger and Share Acquisition, dated as of October 15, 2021, from Tiger Resorts Asia Ltd. “26 Capital believes that the termination notice is baseless. 26 Capital believes that Tiger Resorts and its affiliates have engaged in repeated contractual breaches to avoid closing, which is the subject of a pending Delaware litigation going to trial on July 10, 2023. 26 Capital refers to the public docket for the litigation for background on the Tiger Resorts allegations, which 26 Capital believes are meritless. 26 Capital is eager to commence trial on July 10, 2023 and remains fully committed to closing the transaction and improving the merged company’s corporate governance,” the company stated.