Cathay Capital’s CCIF Acquisition Withdraws $150M IPO

CCIF Acquisition in an amended S-1 filing said it is withdrawing a planned offering of 15 million units initally registered with the SEC in May 2021.

According to the original filing, CCM Acquisition had planned to target businesses in Europe and Asia Pacific (excluding China) in new economy sectors with enterprise values between $500 million and $1 billion.

The SPAC is led by CEO Kwok On Yeung is executive president of Cathay Capital Group. Read more.

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CCM Acquisition Files for $150M IPO

The new SPAC plans to target the consumer technology, communications, retail, interpersonal communication, transportation, healthcare, carbon neutral industries, education, software, SaaS, fintech, financial services or media sectors. The focus is on companies with an enterprise value of between $500 million and $1 billion based in Asia Pacific and Europe.