Apollo Strategic Growth Capital III registered with the SEC to offer 40 million units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant. Whole warrants are exercisable at $11.50.
The SPAC has not listed specific sectors it may target, saying in the filing it will leverage management’s experience to find a suitable business combination. Apollo III is led by CEO Sanjay Patel, chairman international and senior partner of private equity of Apollo. He was formerly head of Europe and managing partner of Apollo European Principal Finance. His first two Apollo SPACs are in negotiations with potential merger partners, according to the filing.
The SPAC intends to apply for a listing on the NYSE under APGC.U. Read more.
