Queen’s Gambit Growth Capital II in a letter to the SEC said it would abandon a planned offering of 30 million units at $10 each. The offering was registered two months ago.
The SPAC had planned to acquire a business “that provides solutions promoting sustainable development, economic growth and prosperity,” according to the initial S-1 filing.
The SPAC is led by CEO and Director Victoria Grace, who is a founding partner of Colle Capital Partners I, an opportunistic, early stage technology venture fund. Prior to founding Colle Capital, Grace was a partner at Wall Street Technology Partners.
Her first Queen’s Gambit SPAC raised $300 million in a January IPO and is targeting the same sectors as Queen’s Gambit II had planned to pursue.
Queen’s Gambit II had planned to apply for a Nasdaq listing with Barclays tapped as sole book-running manager for the offering. Read more.
