Cain Acquisition pulled the plug on its planned offering of 25 million units at $10 each,m according to a letter it sent to the SEC.
The SPAC registered the offering in March 2021, with plans to target a business in experiential hospitality, location-based entertainment and real estate.
Chairman, CEO and CFO Jonathan Goldstein is also CEO of Cain International, which he co-founded in 2014. The privately held real estate investment firm has overseen $5.9 billion of debt and equity transactions in Europe and the United States.
The SPAC had planned to list on the Nasdaq, with Credit Suisse serving as underwriter for the offering. Read more.
