The Latest SPAC News and Rumors: June 30, 2023


The Latest SPAC News and Rumors: June 30, 2023

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Quantum Fintech ends $50M lawsuit against Monex Group

Quantum SPAC Ends Busted-Deal Case Against Japan’s Monex Group

Quantum Fintech Acquisition Corp. (NYSE:QFTA) ended its $50 million lawsuit against Monex Group Inc., dropping allegations that the Japanese financial firm sabotaged their planned blank-check merger.

Quantum dismissed claims that Monex deliberately undermined the SPAC’s proposed combination with TradeStation Group Inc., a US-based Monex subsidiary that runs a stock-trading platform.

Wednesday’s voluntary surrender may indicate a potential settlement or another agreement, although neither side appears to have made a public statement about the move.