ACI Corp. III, formerly Atlas Crest Investment III, sent notice to the SEC late yesterday that it will abandon a planned offering of 60 million units.
Management’s Atlas Crest IV at the same time also pulled the plug on a planned offering from that SPAC. Both were backed by billionaire investment banker Ken Moelis.
ACI III in the initial filing in March 2021 did not cite any specific sectors it might have targeted for a business acquisition, noting that it would focus on an industry that complements the management team’s experience.
The SPAC had applied to list on the NYSE. Read more.
