Cedarlake Acquisition in a notice to the SEC said it is withdrawing an offering of 20 million units, which were initially registered in June 2021.
Cedarlake had planned to target “China’s fast-growing consumer, technology and mobility sectors.”
The SPAC is led by Chairman and CEO Yi Bao, the founder and chairman of Cedarlake, which he grew into a $2.4 billion platform within five years, according to the original S-1 filing.
The SPAC had planned to list on the NYSE with Bank of America Securities and Morgan Stanley tapped as co-managers of the offering. Read more.
