Mindset Growth Opportunities I, a blank check company targeting disruptive agriculture and food technologies, withdrew its plans for an initial public offering on Wednesday. It had filed in December 2021 to raise $175 million by offering 17.5 million units at $10, with each unit containing one share of common stock and one-half of a warrant.
The company was set to be led by CEO and Director Daniel Ibri, COO Camila Potenza, and CFO and Chairman Nemer Rahal, who serve as Managing Partners of Mindset Ventures, an international venture capital fund co-founded by Ibri and Potenza.
Mindset Growth Opportunities I had planned to leverage management's experience and target disruptive agriculture and food technologies. Specifically, the SPAC intends to pursue opportunities within the sectors of novel farming systems, ag fintechs, agribusiness marketplaces, and farm management software, among others.
The San Francisco, CA-based company was founded in 2021 and had planned to list on the Nasdaq under the symbol MSVAU. Citi was set to be the sole bookrunner on the deal.
