- DDC Enterprise, that owns and operates the brand DayDayCook, and Ace Global Business Acquisition ( NASDAQ: ACBA ) have mutually agreed to terminate their previously announced Share Exchange Agreement, effective immediately.
- Both parties decided to mutually terminate the Share Exchange Agreement as a result of unfavorable market conditions.
- "As we move into Q2 2022, we will continue striving towards our goal of being the world leader in content-driven lifestyle brands for young food lovers located in Asian markets," said Norma Chu, Founder and CEO of DDC.
For further details see:
Ace Global Business Acquisition, DDC Enterprise to terminate share agreement