SPACs are suffering, but Cascadia Capital still feels confident about finding a deal, reports GeekWire.
The Seattle investment bank raised $150 million last year for Cascadia Acquisition that’s targeting a company in the robotics and AI space.
“Despite what has happened, we are very bullish on public market availability of leading companies in the robotics space,” said Cascadia’s Jamie Boyd, who is leading the SPAC as CEO and spoke at a panel discussion with fellow investors at the Cascadia Connect Robotics Automation and AI conference in Pittsburgh this week.
Cascadia’s SPAC has a deadline of February 2023 to get a deal done. Read more.