AxonPrime Infrastructure Acquisition priced its IPO of 15 million units at $10 each.
Units beging trading on the Nasdaq today under APMIU. Each consists of one share of Class A common stock and one-third of one redeemable warrant, whole warrants exercisable to purchase a share at $11.50. Once the securities begin separate trading, shares and the warrants are expected to lis under APMI and APMIW.
The offering is expected to close Aug. 17.
AxonPrime intends to focus on targets that are developing breakthrough scientific and technological innovations in the areas of communication, robotics, building and construction technology, water, 3D printing, and semiconductors.
Morgan Stanley is sole book-runner for the offering. The underwriters have an option to purchase up to an additional 2.25 million units to cover over-allotments, if any. Read more.
