Core Points - Churchill Capital Corp VII and CorpAcq Holdings Limited have mutually agreed to terminate their merger agreement due to unfavorable IPO market conditions [1][2] - Churchill will not complete an initial business combination by the deadline of August 17, 2024, and intends to dissolve and liquidate its trust account proceeds [3][4] - The per-share redemption price for public shares will be approximately $10.84, with the last trading day on Nasdaq being August 16, 2024 [5][6] Company Information - Churchill Capital Corp VII is a publicly-traded special purpose acquisition company formed to effect a merger or similar business combination [8] - CorpAcq Holdings Limited is a corporate compounder with a diversified portfolio of 43 companies as of May 1, 2024, focusing on acquiring and supporting founder-led businesses [9]
Churchill Capital Corp VII and CorpAcq Mutually Agree to Terminate Business Combination