Excelsa Acquisition today abandoned plans to offer 25 million units at $10 each. The SPAC in a letter to the SEC said it is withdrawing the offer.
Originally registered in March 2021, the offering was intended to raise capital for targeting companies “that service and capitalize on the favorable structural and secular trends of the emerging middle class across Latin America.”
Excelsa is led by CEO Mark Rosen, who has served as acting executive director of the United States at the International Monetary Fund since May 2019. Previously he was deputy assistant secretary of International Financial Markets at the U.S. Treasury.
The SPAC had planned to apply for a NYSE listing with Credit Suisse and J.P. Morgan serving as joint book-running managers of the offering. Read more.
