PROTONIQ Acquisition Withdraws $100M IPO

PROTONIQ Acquisition in a letter to the withdrew its plan to offer 10 million units at $10 each. The units were initially registered in July 2022.

The SPAC had planned to focus on the fintech sector, particularly in the -Pacific region.

CEO and Director Babar Ali from June 2019 through January 2022 was executive director on the Risk and Committee of NewQuantum Holdings, a wealth management solutions provider. Read more

Source: PROTONIQ Acquisition Withdraws 0M IPO