Gateway Strategic Acquisition, a tech SPAC formed by Gaw Capital, withdrew registration for a $200 million IPO, according to a letter to the SEC. The SPAC initially registered in March 2021 to raise $300 million through an offering of 30 million units, trimming down to 20 million units in an amended July 2021 filing.
The SPAC’s acquisition focus was to be on the real estate, healthcare and technology sectors, especially companies engaged in digitalization of property management, operations and marketing, data storage & processing infrastructure and online & offline healthcare services.
Gateway is led by Co-Founder, Chairman and Director Goodwin Gaw, who has been the chairman, managing principal and co-founder of Gaw Capital Partners since 2005.
The SPAC had applied for a NYSE listing, with Credit Suisse and Citigroup signed as joint book-running managers. Read more.
