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Tech, Media-Focused SPAC Cancels $75M IPO Plans

By Parker Quinlan (March 3, 2023, 6:28 PM EST) -- Special-purpose acquisition company Pomelo Acquisition, being advised by Ellenoff Grossman, announced Friday an end for its bid to raise $75 million, which it said would be used to target a company in sectors like telecommunications, media and technology, marking the latest SPAC to nix initial public offering plans in a challenging market....

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