- North Atlantic Acquisition ( NASDAQ: NAAC ) terminates its business combination agreement with TeleSign.
- The special meeting of stockholders to approve the proposed transaction has been cancelled and the company will seek an alternative business combination.
- "We are disappointed that current market conditions made it impossible to complete our proposed merger, but TeleSign is a great company with a strong management team and we are confident that it has a bright future." said CEO Gary Quin
For further details see:
North Atlantic Acquisition terminates business combination agreement with Telesign