Brave Bison takeover offer for System1 lapses after acceptances fall short of condition

Brave Bison Group confirmed its final offer to acquire the remaining 72.15% stake in System1 Group has lapsed after failing to meet the required acceptance condition by the 1:00 p.m. deadline on October 26, 2026. Brave Bison had received valid acceptances for approximately 13.69% of System1's issued share capital, bringing its total interest to approximately 41.54%. The offer is no longer binding and System1 is no longer in an offer period.

Detected & updated continuously · Source: Nebula