- Danny Meyer’s SPAC and Panera Bread have called off their investment deal, citing market conditions.
- In November, Panera announced it was preparing to go public again and had secured an investment from USHG Acquisition, Meyer’s special purpose acquisition company.
- The merger had to be completed by Thursday, otherwise either party was free to end the deal.
https://www.cnbc.com/2022/07/01/panera-bread-terminates-spac-deal-with-danny-meyers-investment-group.html