SC II Acquisition Corp. terminates LOI with payments tech company, abandons business combination

SC II Acquisition Corp.

On July 12, 2026, SC II Acquisition Corp. terminated its non-binding LOI with a payments technology company, effective immediately.
The company will not pursue the previously proposed business combination with the Target.
No further obligations under the LOI remain except for certain confidentiality provisions.
The SPAC must now seek an alternative target or face potential liquidation if no deal is completed within its deadline.

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