Denham Sustainable Performance Acquisition, a blank check company targeting Denham Capital targeting the global energy transition ecosystem, withdrew its plans for an initial public offering on Monday. It had filed in March 2021 to raise $200 million by offering 20 million units at $10, with each unit containing one share of common stock and one-third of a warrant.
The company was set to be led by Chairman Stuart Porter, the founder, CEO, and CIO of Denham Capital, and CEO and Director Jordan Marye, a Managing Partner of Denham. The company had planned to target the global energy transition ecosystem.
The Houston, TX-based company was founded in 2021 and had planned to list on the NYSE under the symbol DSPQ.U. UBS Investment Bank and Cowen were set to be the joint bookrunners on the deal.
