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.