Do It Again, a SPAC that planned to target the restaurant sector, filed with the SEC to withdraw its planned offering of 12.5 million units that were to be priced at $10 each. The initial registration was filed in March 2021.
The SPAC is led by CEO and Chairman Clifford Hudson, who spent more than two decades of his career, from 1995 to 2018, at Sonic Corp., which owns, operates and franchises more than 3,600 SONIC Drive-In restaurants. He was chairman and CEO of the company, leaving upon its $2.3 billion sale to Inspire Brands in December 2018.
Guggenheim Securities had been retained as sole book-running manager for the offering. Read more.
