: SPAC Sunfire Acquisition has decided not to pursue a planned IPO


Sunfire Acquisition Corp. , a special purpose acquisition vehicle, or SPAC, said Friday it has decided not to push ahead with an initial public offering, according to a regulatory filing. The company had originally filed a registration document with the Securities and Exchange Commission in May of 2022. The SPAC was backed by Alan H. Ginsburg, a Florida-based real estate developer and founder of the CED Companies.

This article was originally published by Marketwatch.com. Read the original article here.

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