Black Dragon Acquisition I, a blank check company formed by Black Dragon Capital targeting e-commerce, media technology, and fintech, withdrew its plans for an initial public offering on Monday. It had filed in April 2021 to raise $250 million by offering 25 million units at $10, with each unit containing one share of common stock and one-third of a warrant.
The company was set to be led by CEO and Director Louis Hernandez, Jr., who is the founder, Managing Director, and CEO of Black Dragon Capital. He was going to be joined by CFO and Director Daniel Consigli, who is the CFO, CCO, and serves as a Partner at Black Dragon. Black Dragon Acquisition I intended to identify, acquire, and manage a business in the e-commerce, sports & media technology, or payments and financial technology sectors.
The Boynton Beach, FL-based company was founded in 2021 and had planned to list on the Nasdaq under the symbol DGONU. Cowen was set to be the sole bookrunner on the deal.
