Alberton Acquisition Corporation Terminates the Merger Agreement with SolarMax
Previously, Alberton Acquisition Corp. was notified by SolarMax Technology, that it intended to terminate an agreement and plan of merger, dated as of 10/27/2020 because it reasonably believed that the proposed merger with SolarMax would not be completed by 4/26/2022.
On April 20, 2022, Alberton, received a written notice from SolarMax that SolarMax terminates the Merger Agreement pursuant to the termination clause provided in the Merger Agreement.
On April 22, 2022, Alberton received the determination notice from the Nasdaq Hearings Panel (“the Panel”) to delist the shares from Nasdaq and suspend trading in those shares effective at the open of trading of April 26, 2022 because the Company is not expected to complete the initial business combination by April 26, 2022.
The Company will liquidate its trust account and distribute payments to public shareholders of the record date of April 26, 2022.Read more