Quiet Plus I Acquisition, a blank check company formed by Quiet Capital targeting the tech sector, withdrew its plans for an initial public offering on Thursday. It had filed to raise $250 million by offering 25 million units at $10, with each unit containing one share of common stock and one-fourth of a warrant, exercisable at $11.50.
The company was set to be led by Chairman Lee Linden and Vice Chairman Matthew Humphrey, co-founders and Managing Partners of tech venture firm Quiet Capital, and CEO Christopher Capozzi, a Partner and CFO of Quiet Capital. It had planned to target the tech sector, focusing on themes such as the digitization of healthcare, financial technology, and digital marketplaces, among others.
The Seattle, WA-based company was founded in 2021 and had planned to list on the Nasdaq under the symbol QPAAU. Credit Suisse was set to be the sole bookrunner on the deal.
