UNSDG Acquisition, a blank check company targeting the decarbonization and digitalization spaces, withdrew its plans for an initial public offering on Friday. It had filed in June 2021 to raise $100 million by offering 10 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 Chairman James Boettcher, the founder of Focus Ventures, and CEO and Director Jeffrey Premer, the CEO of Vaultex, a regulated security token and asset exchange based in Singapore, and the founder and Manager of Singapore-based private advisory firm ICM.
The Las Vegas, NV-based company was founded in 2021 and had planned to list on the Nasdaq under the symbol UNSDU. EF Hutton was set to be the sole bookrunner on the deal.
