Victory Acquisition Quits $250M IPO

Victory Acquisition in a ltter to the SEC said it is withdrawing a planned offering of 25 million units at $10 each. The SPAC was set to focus on media, sports and entertainment industries, as well as the related technology and service sectors that support these industries, according to its initial registration in March 2021. 

Victory Acquisition is led by CEO and Director James Lites, whose neaerly 40-year career in the media, entertainment and sports industries includes roles as an executive, advisor and board member to the National Hockey League, Major League Baseball and National Football League. The SPAC’s board of directors include rocker Sammy Hagar and Dallas Cowboys quarterback legend Roger Staubach.

The SPAC had planned to list on the Nasdaq with Credit Suisse and Wells Fargo servings as joint book-running managers. Read more.

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