Arago Acquisition in a notice to the SEC said it is withdrawing an offering of 7.5 million unitis initially registered in May.
The SPAC in its original S-1 filing said it would target “high growth target businesses that are headquartered in Latin America and are operating within sectors that have significant unmet demand.”
CEO and Director Reynaldo Sandoval, CFA, founded private-market asset manager Arago in 2018. From 2013 to 2018, he was vice president and director of PineBridge Investments, a private global asset manager, in Mexico and led PineBridge’s Mexico City’s Office, where he handled transactions alongside national and international funds.
EF Hutton had been tapped to serve as book-running manager. Read more.
