Registration for SPAC led by Statera CEO declared abandoned

FORT COLLINS — Sparta Healthcare Acquisition Corp., a special-purpose acquisition company led by Statera Biopharma Inc. (Nasdaq: STAB) CEO Michael Handley, had its registration declared abandoned Thursday by the U.S. Securities and Exchange Commission. 

According to the SEC order, the registration statement for Sparta Healthcare had been on file for more than nine months but had not yet become active. Sparta Healthcare failed to respond to notices from the SEC, so the registration was declared abandoned. 

Sparta Healthcare originally launched in May 2021 with a goal of raising $115 million to be listed on the Nasdaq.

This comes amid a period of turmoil…