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Chinese SPAC Jeneration Acquisition pulls plans for $300M US IPO

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Chinese SPAC Jeneration Acquisition pulls plans for $300M US IPO [By: Val Kennedy] , SA News Editor Chinese SPAC Jeneration Acquisition (JACAU) has withdrawn plans to hold a US initial public offering to raise $300M for a business combination in the technology sector. The Hong Kong-based SPAC had filed to offer 30M units at $10 per unit. Each unit was to consist of one share plus on-third of one warrant to buy one share at $11.50. The SPAC had planned to list on the Nasdaq under the symbol JACAU. Jeneration had planned to use the cash to seek out a…

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