Merger VELOU

BBQGuys and Velocity Acquisition Corp. Mutually Agree to Terminate Business Combination Agreement

, Globe Newswire

BBQGuys, a leading specialty e-commerce platform for higher-end BBQ grills, grilling accessories and outdoor living projects for both homeowners and professional builders, and Velocity Acquisition Corp. (Nasdaq: VELO), announced today that the companies have mutually agreed to terminate their previously announced agreement and plan of merger effective immediately.

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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