Ascendant Mobility Acquisition I in a letter to the SEC said it is withdrawing an offering of 30 million units. The SPAC initially registered an offering of 35 million units in May 2021, downsizing to 30 million last December.
Ascendant Mobility had planned to target businesses in the electric vehicle, energy storage and distribution, or mobility technologies ecosystem.
Ascendant Mobility I is led by Co-CEO Peter Bardenfleth-Hansen, whose executive experience includes almost 10 years at Tesla, and Co-CEO Jochen Rudat, whose nearly 25 years of experience in the mobility industry includes almost a decade working for Tesla in Europe. Read more.
