Naviagation Capital Acquisition pulled the plug on planned IPOs for its SPACs VI, VII, VIII and IX. Each was registered with the SEC in June 2021 to offer 15 million units at $10 each.
VI was fintech focused. VII was to target TMT companies. VIII was focused on targets in manufacturing and IX was set to concentrate on business services companies.
All four SPACs had planned to list on the NYSE with Wells Fargo and Mizuho Securities tapped as joint book-runners for each offering. Loop Capital Markets was to be co-manager.
