By Stephen Nakrosis
Blank-check company Arago Acquisition withdrew its planned initial public offering in a filing with the Securities and Exchange Commission.
In its filing Thursday, the company said it and its underwriters have determined not to proceed with the planned registration and sale of units at this time.
In May 2022, Arago filed for a $75 million IPO. At the time, the company said it planned to focus “on high growth target businesses that are headquartered in Latin America and are operating within sectors that have significant unmet demand.”
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