Jam City and DPCM Capital mutually terminate the $1.2bn SPAC merger deal.

Jam City, a mobile entertainment company behind some of the world’s highest grossing mobile games, and DPCM Capital, a publicly traded special purpose acquisition company, mutually terminate the $1.2bn SPAC merger deal. In light of current market conditions, DPCM Capital and Jam City believe that terminating the business combination agreement is the best path forward for the parties and their respective stockholders. DPCM Capital intends to continue to pursue a business combination and is proceeding to evaluate alternative business combinations.