Thrasio Delays SPAC Deal as Top Executives Exit: CNBC

Thrasio, an aggregator of Amazon third-party sellers, has put its plans to go public through a SPAC on hold as it resolves issues with a complex financial audit, CNBC reported, citing sources.

• Executive turnover has also added to Thrasio’s challenges, CNBC said
• The company may still pursue a SPAC, but it is also considering other financing options including a traditional IPO
• “Ultimately, our leadership team and our board looked at the market, which is no surprise, and decided that going public via SPAC is not the right choice at this time,” Thrasio president Daniel Boockvar told CNBC, declining to ...