Henley Park Acquisition, a blank check company led by a former Ford executive targeting the ACES sectors, withdrew its plans for an initial public offering on Thursday. It had filed in September 2021 to raise $175 million by offering 17.5 million units at $10, with each unit most recently consisting of one share of common stock and three-fourths of a warrant.
The company was set to be led by CEO and Director Miguel Payan, a former Senior Executive at Ford Smart Mobility, and President and CFO Robert Haywood, who has led several acquisitions and previously was a VP of Global Consumer Engagement at Mattel. The company planned to target the automation, connectivity, electrification, and smart mobility (ACES) sectors.
The Washington, DC-based company was founded in 2020 and planned to list on the NYSE under the symbol HPACU. Maxim Group LLC was set to be the sole bookrunner on the deal.
