OS Acquisition, a blank check company formed by OS Fund targeting healthcare technology, withdrew its plans for an initial public offering on Wednesday. It had filed in March 2021 to raise $150 million by offering 15 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 CEO and Director Jeff Klunzinger, who has served as Co-Founder and General Partner at OS Fund since 2014. He is joined by CFO Mark Ghobrial, who has been a Partner at OS Fund since 2014 and previously was a Portfolio Manager at First New York Securities. OS Acquisition intended to acquire a business at the intersection of the healthcare and technology industries.
The Park Ridge, IL-based company was founded in 2021 and planned to list on the Nasdaq under the symbol OSAAU. Citi was set to be the sole bookrunner on the deal.
