Freestone Acquisition, a special purpose acquisition company (SPAC), has filed Friday to withdraw its registration for an initial public offering, about a year after initially filing to go public. The SPAC had filed its S-1 Registration Statement on May 14, 2021 then set terms for the IPO on July 23, 2021, saying it planned to raise $200 million. The SPAC didn’t give a reason for dropping its IPO plans, just that it “no longer plans to consummate the initial public offering described in the Registration Statement. The withdrawal comes at a time of relative investor disdain for IPOs, as the Renaissance IPO ETF IPO,
Source: Marketwatch
