26 CAPITAL ACQUISITION CORP., and 26 Capital Holdings LLC, Plaintiffs and Counterclaim-Defendants,
v.
TIGER RESORT ASIA LTD., Tiger Resort Leisure and Entertainment, Inc., and Project Tiger Merger Sub, Inc., Defendants and Counterclaim-Plaintiffs.
Court of Chancery of Delaware.https://leagle.com/images/logo.png
OPINION REGARDING AVAILABILITY OF SPECIFIC PERFORMANCE
LASTER, V.C.
This is a broken deal case involving a de-SPAC transaction.1 This decision addresses whether the SPAC can obtain a decree of specific performance compelling the target to use its reasonable best efforts to close. In many broken-deal cases,...
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