Horizon Acquisition III in a letter to the SEC disclosed plans to withdraw an offering of 50 million units at $10 each. The offering was initially registered with the regulator in March 2021.
Horizon Acquisition III is led by CEO, CFO, and Director Todd Boehly, co-founder and CEO of Eldridge Industries, a holding company for a network of businesses in finance, technology, real estate, and entertainment.
His second SPAC, Horizon II, failed to complete a merger with Sportradar at a $10 billion valuation after the sports data provider opted to go public via a traditional IPO. Boehly’s first Horizon SPAC completed a merger with Vivid Seats in October last year.
Horizon III had planned to apply for a listing on the NYSE, with Deutsche Bank, Credit Suisse and RBC Capital serving as joint bookrunners. Read more.
