RedBall Acquisition Corp. and SeatGeek, Inc. Mutually Agree to Terminate Business Combination Agreement due to Unfavorable Market Conditions
The parties decided to terminate the Business Combination Agreement as a result of current unfavorable market conditions, particularly impacting growth technology companies.
- The parties decided to terminate the Business Combination Agreement as a result of current unfavorable market conditions, particularly impacting growth technology companies.
- However, given current market conditions, it was mutually determined that the best option for all parties at this time is for SeatGeek to remain private.
- We have a tremendous amount of respect for the great team at RedBall and appreciate their partnership throughout the process.
- As required by Cayman Islands law, RedBall will convene the extraordinary general meeting of RedBalls shareholders scheduled to be held on June 1, 2022 to approve the proposed business combination.