Consumer-focused SPAC Able Brands in a regulatory filing withdrew its planned $225 million IPO 7 1/2 months after filing with the SEC to offer 22.5 million units at $10 each.
No explanation was given.
The SPAC had planned to focus on next-generation consumer brands that bridge “The Wellness Gap” — that divide between GDP per capita growth and overall physical and mental wellbeing.
Able Brands was to be led by Chairwoman and Director Lisa Blau, a founding partner of Able Partners at its inception in 2016. In 2006 Blau co-founded VitalJuice.com, a daily email newsletter on healthy living tips and trends that was acquired by Tasting Table. In 2004, she also helped build and launch Portero, an online luxury goods auction platform sold to Richemont.
The SPAC had planned to list on the Nasdaq. Read more.
