Agora Digital Holdings, a diversified Bitcoin miner, withdrew its plans for an initial public offering on Wednesday. It originally filed in November 2021 with a proposed deal size of $50 million. Agora had not updated its prospectus since April 2022.
The company had planned to offer units with warrants attached. Because of this, Agora Digital will be excluded from Renaissance Capital's 2023 IPO stats.
The Charleston, SC-based company was founded in 2020 and booked $2 million in revenue for the 12 months ended December 31, 2021. It had planned to list on the Nasdaq under the symbol DEFY. H.C. Wainwright was set to be the sole bookrunner on the deal.
