Good Commerce Acquisition in a letter to the SEC today said it’s withdrawing plans to offer 20 million units at $10 each. The offering was initially registered with the regulator in March 20211.
The SPAC had planned to focus on apparel & accessories, wellness, home accessories, and other next-generation lifestyle brands and companies.
Good Commerce is led by Chairman and CEO Art Peck, an investor and partner at The Great, a women’s apparel and lifestyle brand, and an investor and board advisor for Community Grains. He is also a past president and CEO of clothing retailer Gap.
The SPAC had been expected to apply for a Nasdaq listing with crdit Suisse tapped as sole book-running manager. Read more.
