By Charlie Innis (March 16, 2022 at 5:35 p.m. EDT) – Silverman Acquisition I, a blank check company targeting a range of business and consumer services sectors, on Wednesday announced plans for a $250 million IPO Dollars retreated, adding a growing pile of cancellations as the IPO market slows.
Silverman Acquisition intended to raise $250 million by offering 25 million units at $10 per unit. Each unit would contain one common share and one-third of a warrant, with a whole warrant being exchangeable for one new share for $11.50, according to the special purpose acquisition company’s registration statement last spring.
The SPAC told the US Securities and Exchange Commission that it “elected to…
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