T3 Defense ends SPAC LOI, SPAC sponsor affiliate will not pursue target

T3 Defense announced its SPAC affiliate has terminated a letter of intent to acquire a payments technology company.

Key Highlights:

• The SPAC informed the target on July 12, 2026 it is terminating the LOI and will not pursue the proposed business combination.
• The LOI covered a potential acquisition of 100% of the target’s equity by the SPAC; termination relieves the SPAC of LOI obligations except confidentiality.
• The SPAC’s sponsor is controlled and majority owned by Nukkleus Defense Technologies, a wholly owned subsidiary of T3 Defense, linking the decision to T3 Defense’s corporate group.

Original SEC Filing:

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