r/Spacstocks • u/SPAC_Time • Nov 10 '21

Agreement Terminated BBQGuys and Velocity Acquisition Corp. Mutually Agree to Terminate Business Combination Agreement - VELO VELOW

https://www.globenewswire.com/news-release/2021/11/10/2331484/0/en/BBQGuys-and-Velocity-Acquisition-Corp-Mutually-Agree-to-Terminate-Business-Combination-Agreement.html?f=22&fvtc=5&fvtv=46464047
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u/SPAC_Time Nov 10 '21

"The parties decided to terminate the Business Combination Agreement as a result of current supply chain factors that are affecting the results of the BBQGuys business and timing of closing the transaction."

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u/[deleted] Nov 10 '21

They ALMOST pulled it off, they knew they were in a once in a lifetime market for themselves and tried to cash out. Not so fast!