Apolo IV Acquisition Corp. Announces Termination of Agreement with Marviken Ontario Inc.
Globenewswire·2025-09-22 21:00
Core Points - Apolo IV Acquisition Corp. has entered into a termination agreement with Marviken Ontario Inc. regarding a previously proposed Qualifying Transaction, effective July 11, 2025 [1] - Apolo confirmed the repayment of $33,000 advanced to Marviken and received a termination fee of $300,000, resulting in no residual liabilities or guarantees [1] - Trading of Apolo Shares on the TSX Venture Exchange is expected to recommence, pending acceptance from the TSXV [2] Financial Summary - Total amount advanced by Apolo to Marviken: $33,000 [1] - Termination fee paid by Marviken to Apolo: $300,000 [1]