Super Plus Acquisition Withdraws $60M IPO

Super Acquisition today in a letter to the said it is withdrawing an offering of 6 million shares.

The SPAC in its initial S-1 registration in September 2021 cited plans to raise $50 million, upsizing the proposed offering tp $60 million almost a year later.

The SPAC had said its goal was to acquire a growth-oriented business in or North America with an enterprise value between $100 million and $300 million. 

Super Plus is led by Chairman and CEO Long Yi, who from January 2018 to March 2021was CEO and chairman of Urban Tea. Read more.

Source: Super Plus Acquisition Withdraws M IPO