By Tom Zanki (July 1, 2022, 5:35 PM EDT) — Panera Manufacturers Inc. and a particular-objective acquisition agency backed by restaurateur Danny Meyer ended an funding deal Friday Which might have supported the eatery chain’s preliminary public offering, whereas one other SPAC merger was additionally canceled, each blaming market circumstances.
USGH Acquisition Corp., a SPAC affiliated with Meyer’s restaurant and catering enterprise Union Sq. Hospitality Group LLC, said it and Panera Manufacturers time periodinated their prior settlement, which hit its deadline Thursday absent an extension.
“Based mostly on current capital market circumstances, It is unlikely that an preliminary public offering for Panera will happen Inside the shut to-time period, and so We now have agreed To not…
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