TechStackery after the market close Friday became the third SPAC sponsored by ShiftPixy Investments to withdraw a planned IPO.
The SPAC had planned to raise $150 million for the acquisition of a company distressed by the economic downturn caused by the COVID-19 pandemic and that provides staffing solutions to clients in the technology sector in North America.
The SPAC is led by Chairman and CEO Scott Absher, who is also president, CEO and director of ShiftPixy.
TechStackery had applied to list on the NYSE under TSYU.
ShiftPixy SPACs Firemark Global and Vital Human Capital also withdrew IPO registrations, according to regulatory filings late Friday. Read more.
