CAVU Technology Acquisition withdrew its SEC registration to offer 10 million units at $10 each, originally filed in March 2021.
The SPAC had planned to focus on North American targets operating in technology, including in IT services, software, SaaS, and digital transformation. CEO Barry Shevlin co-founded CAVU Capital in 2020 to advise emerging and mid-market technology companies with a focus on mergers and acquisitions, capital raises, and corporate restructurings. Prior to co-founding CAVU, Shevlin was the CEO of Vology, an IT Services company in Clearwater, Florida that he founded in 2002.
Maxim was set to be sole book-runner for the offering. Read more.
