LCP Acquisition filed with the SEC to withdraw its planned offering of 20 million units. The SPAC registered in October to raise $200 million through an IPO, although its registration statement was never declared effective in the months since.
LCP had planned to target the travel, leisure and hospitality sectors.
Based in White Plains, NY, the SPAC was led by CEO Steven Goldman. The SPAc’s initial registration statement noted that he has 37 years of experience in the lodging industry.
No reason was given for the withdrawal. Read more.
