Feb 25 (Reuters) - Fintech entrepreneur Betsy Cohen's special-purpose acquisition company (SPAC) on Friday terminated its $1.75 billion merger agreement with Pico, citing a failure by the technology services firm to deliver required financial information.

Cohen's FTAC Athena Acquisition Corp FTAA.O had agreed in August last year to merge with Pico, a New York-based company that provides financial firms with infrastructure hosting, network connectivity, market data and other tech services.

There has been a steep decline in share prices of companies, including Grab Holdings Ltd GRAB.O and BuzzFeed Inc BZFD.O , that recently took the SPAC route to going public.

Recent failed mergers include telecom services firm Syniverse Technologies' $2.85 billion merger with M3-Brigade Acquisition II Corp MBAC.N and investing app Acorns Grow's $2.2 billion deal with Pioneer Merger Corp PACX.O .

Since 2020, Cohen has clinched a series of deals with high profile names including boutique investment bank Perella Weinberg Partners PWP.O , payments provider Payoneer PAYO.O and Israel's online stock brokerage eToro.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by David Gregorio)