Deep Space Acquisition I, a blank check company targeting space technology and space-related applications, withdrew its plans for an initial public offering on Thursday. It had filed in December 2021 to raise $210 million by offering 21 million units at $10, with each unit containing one share of common stock, one right to receive one-sixteenth of a share upon the completion of an initial business combination, and one-half of a warrant. The company had not updated its prospectus since its initial filing.
Deep Space Acquisition I was set to be led by CEO and Director Jose Ocasio-Christian, the CEO of Caelus Partners and Community in Space; CFO Linda Maxwell, a consultant at MB Associates; and COO and CCO Robert Tull, the COO of Procure Holdings. The company planned to target space technology, space-related applications, and the integration of space into terrestrial (Earth-based) market sectors.
The Levittown, PA-based company was founded in 2021 and had planned to list on the Nasdaq under the symbol DPACU. Nomura Securities was set to be the sole bookrunner on the deal.
