Pathfinder Acquisition Corporation And Service Max, Inc. Mutually Agree To Terminate Business Combination Agreement Due To Market Conditions

Provided By PR Newswire

Last update: Dec 6, 2021

PLEASANTON and PALO ALTO, Calif., Dec. 6, 2021 /PR Newswire/ -- Pathfinder Acquisition Corporation (NASDAQ: PF DR) ("Pathfinder"), a publicly traded special purpose acquisition company co-sponsored by affiliates of HG and Industry Ventures, and Service Max, Inc. ("Service Max"), announced today that both companies have mutually agreed to terminate their previously announced Business Combination Agreement (the "Business Combination Agreement"), effective immediately, due to unfavorable market conditions. Neither party will be required to pay the other a termination fee as a result of the mutual decision to terminate the Business Combination Agreement.