iClick Interactive Asia Group Limited has terminated the agreement and plans to merge with TSH Investment Holding Limited and TSH Merger Sub Limited.
The company delivered a notice confirming the satisfaction of the closing conditions under the Merger Agreement and that the company is ready for the Closing. However, the Parent and Merger Sub failed to complete the Closing within ten (10) Business Days following the delivery date of the Closing Notice.
As a result, the company has terminated the Merger Agreement and demanded the Parent to pay the US$1,800,000 termination fee under Section 8.06(b) of the Merger Agreement by May 9, 2024.
Read more – iClick Interactive Asia Group Limited Announces Termination of Merger Agreement
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