Highland Acquisition, a blank check company formed by the founders of Highland Capital Management, withdrew its plans for an initial public offering on Monday. It had filed to raise $250 million by offering 25 million units at a price of $10.
The Dallas, TX-based company was founded in 2016 and had planned to list on the Nasdaq under the symbol HLACU. Ladenburg Thalmann was set to be the sole bookrunner on the deal.
