Apeiron Capital Investment in an amended S-1 filing now plans to offer 15 million units at $10 each, down from the 20 million units initially registered in June. Each unit still consists of one share of Class A common stock and one-half of one redeemable warrant. Whole warrants would be exercisable at $11.50.
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.
B. Riley Securities is sole book-running manager for the deal. The underwriters have an option to purchase up to an additional 2.25 million units to cover over-allotments, if any.
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.
