The SEC approves 26 Capital’s registration statement filed with UE Resorts International
The two companies will close their business combination deal, pending a stockholder vote later in the month.
Nasdaq-listed blank check company, 26 Capital Acquisition Corp., has announced that the registration statement on Form F-4 filed by UE Resorts International, Inc. has been declared effective by the US Securities and Exchange Commission (SEC).
The registration statement had been filed in in connection with the company’s previously announced proposed business with UERI, Okada Manila’s holding company.
Okada Manila is a casino resort in Asia and is known as the largest integrated resort in the Philippines. The resort sits on more than 50 acres of land. Once completed, Okada Manila will have 993 luxury hotel rooms, as well as the licensed capacity to operate 974 gaming tables and 6,890 electronic gaming machines.
A special meeting was also announced by 26 Capital. The company will hold the meeting on June 28, 2022 to meet with stockholders and approve the upcoming business combination. Pending approval, 26 Capital and UERI will close the deal, upon the condition that all other closing requirements have been met.
Stockholders will have access to early voting by phone, on the internet, or by signing, dating, and returning proxy cards that have been previously sent to them by mail.
Once the deal is concluded, the combined company will be listed under the new ticker symbols UERI and UERIW on Nasdaq for its common shares and warrants trading.
Jason Ader of SpringOwl Asset Management leads 26 Capital. It specializes in gaming, gaming technology, lodging and entertainment.
Since 2013, SpringOwl Asset Management has raised more than $1bn in capital.
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