Sports & Health Tech Acquisition, a blank check company targeting the sports and health technology sectors, withdrew its plans for an initial public offering on Wednesday. It had filed in January 2022 to raise $150 million by offering 15 million units at $10, with each unit containing one share of common stock and one-half of a warrant. The company had not updated its prospectus since then.
Sports & Health Tech Acquisition was set to be led by Chairman Jon Voigtman, the former Co-CEO of RBC (Barbados) Trading Bank, and CEO Andrew White, the Chairman of sports and health technology investment firm leAD Sports. Pro golfer Tiger Woods, former pro tennis player Caroline Wozniacki, and former NBA player David Lee were also set to be involved with the SPAC.
The Orlando, FL-based company was founded in 2021 and had planned to list on the Nasdaq under the symbol LDSPU. RBC Capital Markets was set to be the sole bookrunner on the deal.
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