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SPAC Investor Sues In Del. For $20M Crypto Deal Breakup Fee

By Leslie A. Pappas ( December 20, 2022, 7:32 PM EST) -- An investor in a special purpose acquisition company formed by New York investment firm Atlas Merchant Capital LLC has sued in Delaware's Court of Chancery, claiming that the SPAC's sponsor is attempting to pocket a $20 million breakup fee after failing to merge with a cryptocurrency company....

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