Agribusiness SPAC AXIOS Sustainable Growth Acquisition Prices US$150 Million IPO

Special purpose acquisition company AXIOS Sustainable Growth Acquisition Corporation (NYSE: AXACU) went public today on the New York Stock Exchange. The company is seeking to raise US$150.0 million through its initial public offering.

The offering consists of 15.0 million company units priced at US$10.00 per unit. Each unit is composed of one Class A common share, one purchase warrant, and one right. Each whole warrant is redeemable to purchase one common share at US11.50 per share while one right equates to one-tenth of a common share upon business combination.

The units will be trading under the symbol “AXACU” but once the securities are separated, the common shares, warrants, and rights will be trading on the big board under the symbols “AXAC”, “AXACWS”, and “AXACR”, respectively.

I-Bankers Securities acts as the sole bookrunner for the offering. The company has granted the underwriters a 30-day over-allotment option to purchase additional 2.25 million company units at the same IPO price.

The offering is expected to close on February 18, 2022, subject to customary closing conditions.

The blank check firm plans to target businesses in the agribusiness, plant-based proteins, food processing, and related technology industry located in Central and Eastern Europe.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Gold’s Wild Bull Run: Are Markets About to Break? | Mike McGlone

First Majestic Silver: The Santa Elena Mine

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Tiger Williams-Led SPAC Williams Rowland Acquisition Seeks To Raise US$200 Million In IPO

Special purpose acquisition company Williams Rowland Acquisition Corp. (NYSE: WRACU) went public on the New...

Tuesday, July 27, 2021, 12:21:00 PM

Financial SPAC HCM Acquisition Prices US$250 Million IPO

Special purpose acquisition company HCM Acquisition Corp (Nasdaq: HCMAU) started trading publicly on the Nasdaq...

Friday, January 21, 2022, 02:29:00 PM

Education SPAC Aetherium Acquisition Prices US$100 Million IPO

Special purpose acquisition company Aetherium Acquisition Corp. (Nasdaq: GMFIU) started trading publicly on the Nasdaq...

Thursday, December 30, 2021, 02:24:00 PM

Biotech Firm PepGen Prices US$108 Million IPO

Biopharmaceutical company PepGen, Inc. (Nasdaq: PEPG) began trading on the Nasdaq Global Select Market on...

Monday, May 9, 2022, 02:27:00 PM

Software Firm GitLab Prices US$800 Million IPO

Software company GitLab Inc. (Nasdaq: GTLB) started trading on the Nasdaq Global Select Market Thursday...

Saturday, October 16, 2021, 04:15:00 PM