UNSDG Acquisition in a letter to the SEC said it is withdrawing an offering of 10 million units initally registered in June 2021.
The SPAC was focused on decarbonization, sustainable mining, renewable energy, blockchain, commodity trade sectors and the technologies with applications in those sectors.
Sponsor UNSDG Acquisition LLC has agreed to purchase an aggregate of up to 635,000 private placement units at $10 per unit.
Management in the filing said the new SPAC intends to focus on decarbonization, sustainable mining, renewable energy, blockchain, commodity trade sectors and the technologies with applications in those sectors.
UNSDG is led by Chairman and Director James Boettcher, who founded Focus Ventures in 1996. CEO Jeffrey Premer is also the chief executive and a director of Vaultex, a regulated security token and asset exchange based in Singapore. He founded and manages ICM, a Singapore-based private advisory firm and business development company.
The SPAC had applied for a Nasdaq listing with Kingswood Capital Markets tapped as sole bookrunner. Read more.
