Acropolis Infrastructure Acquisition in an amended S-1 filing said it now plans to raise $300 million through an offering of 30 million units, down from the 40 million units initially planned. Each unit onsists of one share of Class A common stock and one-third of one redeemable warrant, with whole warrants exercisable at $11.50.
Sponsored by asset management firm Apollo, the new SPAC intends to target companies engaged in modern infrastructure solutions and technologies.
Acropolis Infrastructure is led by CEO and Director Geoffrey Strong, who is also CEO and chairman of Apollo=-backed SPACs Spartan II, Spartan III and Spartan IV. Strong joined Apollo in 2012 and is currently a senior partner and co-lead of the firm’s global infrastructure and natural resources groups.
Credit Suisse, Apollo Global Securities, Citigroup, Barclays, Evercore ISI and Siebert Williams Shank are joint book-runners on the offering. The underwriters have a 30-day option to purchase up to an additional 4.5 million units (down from 6 million) to cover any over-allotments.
Acropolis Infrastructure plans to apply for a NYSE listing under ACRO.U. Read more.
