Firemark Global, a SPAC formed by ShiftPixy Investments, filed with the SEC its intent to withdraw a proposed IPO of 15 million units. The withdrawn offering represented a downsize from the 50 million units initially registered with the SEC in April 2021.
The SPAC was initially named Insurity Capital at the time of the initial offering registration.
The SPAC had planned to target companies that provide workers’ compensation insurance in North America.
Firemark is led by Chairman and CEO Scott Absher, who is also president, CEO and director of ShiftPixy.
Shiftpixy’s Vital Human Capital also withdrew its planned $150 million IPO.
The SPAC had applied to list on the NYSE. Read more.
