A blank-check company investor filed suit in Delaware against affiliates of its sponsor, Mudrick Capital Management LP, to challenge the terms of a capital restructuring related to its proposed merger with Topps Co., which would take the trading card manufacturer public.
The lawsuit was docketed Wednesday in Delaware Chancery Court by a participant in the initial public offering for Mudrick Capital Acquisition Corp. II, a “special purpose acquisition company” that debuted in December at $10 per unit. The units would convert into Topps shares as part of the merger.
Mudrick Capital didn’t immediately respond to a request for comment Wednesday. ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.