Vital Human Capital in a letter to the SEC said it is withdrawing an IPO of 15 million units that were to be priced at $10 each. The initial registration was filed in April 2021 for 25 million units, but the SPAC cut the proposed offering by 40% four months later.
The SPAC is sponsored by ShiftPixy Investments.
The blank-check company in the initial S-1 filing said, “we intend to focus on private companies distressed by the economic downturn caused by the COVID-19 pandemic that provide staffing solutions to clients in the healthcare sector in North America.”
The SPAC is led by Chairman and CEO Scott Absher, who is also president, CEO and director of ShiftPixy.
Vital Human Capital had applied to list on the NYSE. Read more.
