MergerApr 22, 2026, 06:07 AM
Oak Woods Acquisition Terminates Merger Agreement with Huajin
AI Summary
Oak Woods Acquisition Corporation (OAKU) announced the termination of its Merger Agreement and Plan of Reorganization with Huajin (China) Holdings Limited, originally signed on August 11, 2023. A settlement agreement was reached on March 15, 2026, allowing for the termination of the merger agreement and the revocation of related proxy solicitation materials. The termination became effective on April 16, 2026, with no fees or penalties incurred by either party.
Key Highlights
- Merger Agreement with Huajin (China) Holdings Limited terminated.
- Original Merger Agreement was entered into on August 11, 2023.
- Termination agreement reached on March 15, 2026, effective April 16, 2026.
- No fees or penalties paid by either party upon termination.