Siddhi Acquisition in a letter to the SEC said it is withdrawing a planned offering of 20 million units at $10 each.
The SPAC initally registered with the regulator in March 2021, planning at that time to pursue targets in the food and beverage industry.
The SPAC is led by Chairman Brian Finn, who is also CEO and director of Rotor Acquisition Corp. Finn also served as chairman and CEO of Asset Management Finance and as a senior advisor to Credit Suisse.
The SPAC had planned to list on the NYSE with Credit Suisse serving as underwriter of the offering. Read more.
