Advancit Acquisition I notifed the SEC that it will withdraw a planned initial public offering of 27.5 million units. The original offering of 30 million units registered in February 2021 was later downsized.
The SPAC’s expected focus was on media and technology companies in North America and Europe.
Chairman Jonathan Miller has served as CEO of Integrated Media Company, a TPG sponsored investment company, since February 2018, according to the SPAC’s S-1 filing.
Advancit had applied for a Nasdaq listing, with Citigroup serving as sole book-running manager. Read more.
