UK-based information technology firm Noventiq and special purpose acquisition company Corner Growth Acquisition have mutually agreed to terminate their SPAC deal that would have resulted in Noventiq being listed on the Nasdaq exchange. The decision comes amidst an unfavorable SPAC market and increased regulatory scrutiny from U.S. authorities. Noventiq, which specializes in cybersecurity and artificial intelligence, has chosen to remain private for now, according to CEO Herve Tessler. This marks the latest in a series of terminated SPAC deals, indicating a broader market shift.

Information Technology, Finance,United Kingdom, United States