AxonPrime Infrastructure Acquisition registered with the SEC to offer 15 million units at $10 each. A unit consists of one share of our Class A common stock and one-third of one redeemable warrant, with whole warrants exercisable at $11.50.
The new SPAC intends to target companies companies focused on scientific and technological innovation in the areas of communication, robotics, building and construction technology, water, 3D printing and semiconductors.
AxonPrime is led by CEO Dinakar Singh, the CEO of Axon Capital, a global investment firm he founded in 2005. Singh was previously a senior partner at Goldman Sachs, where he was global co-head of the Principal Strategies Department.
Morgan Stanley is sole manager of the offering. The underwriters have a 45-day option to purchase up to an additional 2.25 million units to cover any over-allotments.
The SPAC has applied for a Nasdaq listing under APMIU. Read more.