M3-Brigade Acquisition IV in a letter to the SEC said it will withdraw a planned offering of 20 million units, which were initially registered with the regulator in June last year.
Management had expected to focus on businesses or companies with an enterprise value of at least $500 million, based in North America and impacted positively or negatively by the COVID-19 pandemic — or businesses in the renewable energy sector.
This would have been the fourth SPAC led by Executive Chairman Mohsin Meghji, whose most recent corporate role was as executive VP and head of strategy at Springleaf, as well as CEO of its captive insurance companies.
The SPAC had applied for a NYSE listing with Cantor as sole book-running manager of the offering. Read more.
