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

Why $50 Silver, $4000 Gold Might Be Closer Than Anyone Thinks | Bradley Langille – GoGold Resources

Why Silver’s True Price Could Be Much Higher | Joaquín Marias – Argenta Silver

Gold Enters A ‘Stronger For Longer’ Phase | Richard Young – i-80 Gold

Recommended

Discovery Silver in Advanced Talks to Acquire Barrick’s Last Canadian Gold Mine

Emerita Reports Aznalcollar Public Tender Trial Hearings Have Concluded, Verdict Expected This Fall

Related News

LegalZoom Eyes Raising US$535.4 Million On Its Nasdaq IPO

Online legal platform LegalZoom.com Inc. announced Tuesday the pricing of its scheduled initial public offering...

Wednesday, June 30, 2021, 10:14:00 AM

ISP Starry Debuts On NYSE Via US$176 Million SPAC Deal

Wireless technology developer and internet service provider Starry, Inc, (NYSE: STRY) made its debut on...

Wednesday, March 30, 2022, 02:26:00 PM

Financial SPAC FG Acquisition Announces US$100 Million TSX IPO

Blank check firm FG Acquisition is looking to go public on the Toronto Stock Exchange....

Tuesday, March 22, 2022, 02:18:00 PM

Houston Natural Resources-Backed Energy SPAC HNR Acquisition Closes US$86.25 Million IPO

Special purpose acquisition company HNR Acquisition Corp. (NYSE: HNRAU) closed its initial public offering on...

Thursday, February 24, 2022, 03:40:00 PM

Tech SPAC Denali Capital Acquisition Prices US$75 Million IPO

Special purpose acquisition company Denali Capital Acquisition Corp. (Nasdaq: DECAU) started trading publicly on the...

Friday, April 8, 2022, 02:19:00 PM