Forest Acquisition in a regulatory filing informed the SEC it is withdrawing a planned offering of 6.6 million units at $10 each. The offering was initially registered in June 2022.
The sponsor is Bit Mining Management.
The SPAC had planned to target middle-market growth businesses.
Chairman and CEO Ming Zhang is chairman of CCIS Securities, focusing on managing several growth equity funds in China. He is also a director for Softbank Ventures Asia Co., Ltd.
Ladenburg Thalmann was tapped to be sole book runner on the deal. Read more.
