other material
confidence high
sentiment negative
materiality 0.75
Goldenstone and Roxe mutually terminate merger agreement; no termination fee
Goldenstone Acquisition Ltd.
- SPAC Goldenstone (GDST) and Roxe Holding terminated their June 21, 2022 merger agreement on Sept 30, 2022.
- Termination was mutual under Section 10.1(c); no termination fee or payment due to either party.
- Goldenstone is now without a merger target and must find a new business combination or liquidate.