Apeiron Capital Investment registered with the SEC to offer 20 million units. Each unit has an offering price of $10 and consists of one share of Class A common stock and one-half of one redeemable warrant. Whole warrants would be exercisable at $11.50.
B. Riley Securities is sole book-running manager for the deal. The underwriters have a 45-day option to purchase up to an additional 3 million units to cover over-allotments, if any.
The new SPAC intends to target companies in the financial technology, media, gaming and financial services, and in the wealth-advisory and asset management industries with an enterprise value between $500 million to $1.5 billion.
Apeiron is led by Chairman and CEO Dr. Joel M. Shulman,who is the founder, managing director, and CIO of ERShares, a global asset manager with over 40 years’ experience investing in entrepreneurial publicly-listed companies.
The SPAC has applied to list on the NYSE under APN U. Read more.