Investing App Acorns, Pioneer SPAC Scrap $2.2 Billion Merger

Investing App Acorns, Pioneer SPAC Scrap $2.2 Billion Merger
The office building where Pioneer Merger Corp. locates in New York City, in September 2021. Google Maps//Screenshot via The Epoch Times
Reuters
Updated:

Special purpose acquisition company Pioneer Merger Corp. and investing app Acorns Grow have mutually terminated their $2.2 billion merger agreement, according to a regulatory filing on Tuesday.

The deal, announced in May last year, was originally expected to close in the second half of 2021 and the Irvine, California-based company was to be listed on the Nasdaq.