July 4 (Reuters) - London-headquartered information

technology firm Noventiq and special purpose acquisition company

Corner Growth Acquisition have mutually agreed to

terminate their blank-check deal, the companies said on

Thursday.

The two last year struck a SPAC deal that would have resulted

in the combined company being publicly listed on U.S. exchange

Nasdaq.

Blank-check firms, also known as SPACs, are shell companies

that raise money in an initial public offering to merge with a

private company and take it public.

The deal has been scrapped as a result of the current

unfavorable SPAC market conditions and other factors, the

companies said.

Noventiq, which provides cybersecurity and artificial

intelligence technology, has determined that the right decision

for the company is to remain private at this time, CEO Herve

Tessler said.

A hallmark of pandemic-era dealmaking, SPACs have fallen out

of favor in recent years following intense scrutiny from the

U.S. securities regulator.

Last week, blank-check firm Mountain & Co. I Acquisition ( MCAA )

and FC Barcelona also terminated their SPAC deal that

would have seen the Spanish soccer club's digital media arm list

on Nasdaq.