SPAC Acropolis Infrastructure Aims To Conduct A US$300 Million IPO

Blank check company Acropolis Infrastructure Acquisition Corp. is looking to raise US$300 million for its initial public offering. The company goes public today on the New York Stock Exchange.

The offering consists of 30.0 million company units selling at US$10.00 per unit. Each unit consists of one Class A share and one-third of a purchase warrant. Each whole warrant is exercisable to purchase one whole Class A share at US$11.50 per share. The Class A shares and the warrants will be trading on the New York-based big board under symbols “ACRO” and “ACRO WS”, respectively.

As a blank check company, Acropolis Infrastructure Acquisition was formed for the purpose of effecting a merger, share exchange, asset acquisition, or reorganization of similar businesses. The company, an affiliate of Apollo Global Management (NYSE: APO), is focused on the infrastructure industry and related sectors.

The underwriters were granted a 30-day option to purchase an additional 4.5 million units at the same IPO price, potentially bringing the total proceeds to US$345.0 million. The US division of Credit Suisse Securities leads the syndicate of underwriters managing the proposed offering.


Information for this briefing was found via Edgar and Acropolis Infrastructure Acquisition. 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

Is Gold’s Bull Market About to Hit Junior Stocks? | Ken Armstrong – Westhaven Gold

Surge Battery Metals: The Nevada North Lithium PEA

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

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

Biopharma Absci Prices US$200 Million IPO

Synthetic biology company Absci Corporation began trading on the Nasdaq Global Select Market today under...

Thursday, July 22, 2021, 12:43:00 PM

Singapore-Based A SPAC I Acquisition Prices US$60 Million IPO

Special purpose acquisition company A SPAC I Acquisition Corp. started trading on the Nasdaq Capital...

Tuesday, February 15, 2022, 02:19:00 PM

Chinese Investment Firm-Backed Tech SPAC Keyarch Acquisition Prices US$100 Million IPO

Special purpose acquisition company Keyarch Acquisition Corporation (Nasdaq: KYCHU) started trading its securities on the...

Tuesday, January 25, 2022, 02:22:00 PM

Ex-Wipro CEO-led SPAC Compass Digital Acquisition Prices US$200 Million IPO

Special purpose acquisition company Compass Digital Acquisition Corp. (Nasdaq: CDAQU) started trading publicly on the...

Friday, October 15, 2021, 02:27:00 PM

Tech SPAC Aura FAT Projects Acquisition Prices US$100 Million IPO

Special purpose acquisition company Aura FAT Projects Acquisition Corp. (Nasdaq: AFARU) started trading its securities...

Thursday, April 14, 2022, 02:25:00 PM