
SPAC CCIS Acquisition withdraws $60 million IPO

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CCIS Acquisition, a blank check company targeting middle-market growth businesses, withdrew its plans for an initial public offering on Friday. It had filed to raise $60 million by offering 6 million units at $10. Each unit consisted of one share of common stock and one right to receive one-tenth of one ordinary share.The Hong Kong, China-based company was founded in 2023. It had planned to list on the Nasdaq under the symbol CCACU. Benjamin Securities was set to be the sole bookrunner on the deal.
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