5G Edge Acquisition in a letter to the SEC withdrew its planned offering of 30 million units initially registered with the regulator in March 2021.
The SPAC had planned to target companies within the TMT sector such as software, fixed and wireless communications, networking, security and leading-edge technology market segments engaged in 5G technologies.
5G Edge is led by Chairman Douglas Maine, a senior advisor to Brown Brothers Harriman & Co., according to the SPAC’s initial S-1 filing. 5G CEO Allen Salmasi is also the CEO of Veea, a provider of full stack cloud-to-edge computing and communications platform products and solutions, founded in 2014.
5G Edge had applied for a Nasdaq listing with Cantor retained as sole book-running manager. Read more.
