Eagleline Acquisition, a blank check company formed by Formation Capital and focused on health care, withdrew its plans for an initial public offering on Tuesday. It had filed to raise $150 million by offering 15 million units at $10.
The Radnor, PA-based company was founded in 2016 and had planned to list on the Nasdaq under the symbol IGLEU. Stifel, FBR Capital Markets and Stephens Inc. were set to be the joint bookrunners on the deal.
