Cathay Capital’s CCIF Acquisition Withdraws $150M IPO

CCIF Acquisition in an amended S-1 filing said it is withdrawing a planned offering of 15 million units initally registered with the SEC in May 2021.

According to the original filing, CCM Acquisition had planned to target businesses in Europe and Asia Pacific (excluding China) in new economy sectors with enterprise values between $500 million and $1 billion.

The SPAC is led by CEO Kwok On Yeung is executive president of Cathay Capital Group. Read more.

Total
0
Shares
Related Posts
Read More

Talon 1 to Liquidate June 30

Talon raised $200 million in a November 2021 IPO, though redemptions have removed more than half the amount since then. The SPAC was focused on companies in the global aerospace, aviation and aviation services industries.