Malacca Straits Acquisition Company Limited (MLAC) Terminates Asia Vision Deal

Malacca Straits (NASDAQ:MLAC) announced this morning that it and Asia Vision Network have mutually terminated their business combination citing “unforeseen circumstances beyond the control of either party”. These unforeseen circumstances are likely the general down market for SPACs, which has made for a challenging environment to close combinations. Already two other SPACs – ACE Convergence
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