other material
confidence high
sentiment negative
materiality 0.85
Key PIPE investor Golub terminates $68M commitment for Crown-Brivo deal
Crown PropTech Acquisitions
- Golub Capital terminated its $68M Subscription Agreement on July 11, 2022, as deal not closed by July 9.
- Crown now lacks sufficient financing to meet Minimum Cash Conditions ($75M BCA Minimum and SA Minimum).
- Crown has not secured alternative financing as of this filing.
- Termination puts the proposed business combination with Brivo at risk.