New Beginnings Acquisition II in a letter to the SEC said it will cancel an offering of 10 million units originally registered in March 2021.
The SPAC had planned to focus on companies in the travel, hospitality, leisure, fintech, insurtech, and proptech sectors in the United States.
The SPAC is led by CEO Michael S. Liebowitz, who was president and CEO of Harbor Group Consulting, an insurance and risk management consulting firm, frpom 1995-2018.
New Beginnings II intended to list on the NYSE with Ladenburg Thalmann tapped as sole book-running manager for the offering.
Management’s New Beginnings III withdrew a $100 million offering back in March. That SPAC had planned to target the same sectors as New Beginnings II. Read more.
