RMG Acquisition IV in a letter to the SEC said it was withdrawing a planned offering of 20 million units. The SPAC initially registered an offering of 27.5 million units in February 2021, downsizing to 20 million last October.
The cancellation follows the withdrawals of IPOs from RMG V, VI and VII in January.
RMG IV was considering a broad range of sectors, including diversified industrials, business services, technology, telecommunications, media and entertainment, pharmaceutical and consumer healthcare, financial services and financial technology, consumer products, energy and power, real estate including real estate services and related businesses, environmental services, mobility and electrification of the transportation industry and insurance and insurance related services.
The SPAC is led by Executive Chairman D. James Carpenter, founder and CEO of Riverside Management Group, and CEO Robert Mancini, a former Carlyle Group managing director.
The SPAC intended to list on the Nasdaq with BofA Securities and Barclays tapped as joint book-running managers. Read more.
