Capital Investment VII pulled the plug today on a planned IPO of 40 million units at $10 each. The SPAC was set to focus on buinesses with high-growth potential, though no particular sectors were identified in the initial S-1 filing in February 2021.
Chairman Mark Ein is founder and CEO of Venturehouse Group and President of Leland Investments. President, CFO, and Director Dyson Dryden is founder and president of Dryden Capital Management.
Management’s first five SPACs all completed mergers, most recently Capital Investment V, which closed a deal with real estate title company Doma in July 2021. All of the previous SPACs did deals across a range of sectors, from real estate to rental equipment, global expedition cruising and public relations software.
The same management team today also withdrew a planned IPO for Capital Investment VI.
Citigroup and Deutsche Bank were tapped as co-managers of the offering.
The SPAC had planned a NYSE listing. Read more.
