Avanea Energy Acquisition in a letter to the SEC said it is withdrawing a registered offering of 20 million units that were to be priced at $10 each. The SPAC initially registered with the regulator in March 2021.
The SPAC had planned to target energy technology businesses in Europe and North America.
Avanea is led by Co-CEO and Director Peter Gajdos, a managing director and portfolio manager at Presidio Partners Management — a VC firm investing in Information Technology, Life Sciences and Energy Technology companies — and Co-CEO and Director Faysal Sohail, also a managing director at Presidio Partners.
The SPAC had planned to apply for a Nasdaq listing, with BofA Securities and Barclays tapped as joint book-runners on the offering. Read more.
