Thrasio, the top U.S. aggregator of Amazon third-party sellers, was racing to the public markets to fuel its rapid expansion. But the company has delayed its plan to go public through a SPAC amid complications with its financial audits, according to people with knowledge of the matter.

Thrasio had eyed completing a reverse merger with a special purpose acquisition company by the end of the year, before changing course over the summer, said the people, who asked not to be named because the plans haven’t been discussed publicly. The company could still pursue a SPAC, but is also considering other financing options, including a traditional IPO, the people said.

Turnover in the C-suite is adding to Thrasio’s challenges. Chief Financial Officer Bill Wafford, a former J.C. Penney CFO, left Thrasio in July, just three months after joining the company. Thrasio said it appointed Brian Cooper, chairman of marketing company Networx, as its interim CFO

Click here to view original web page at www.cnbc.com