Ahren Acquisition in an initial S-1 registration proposed to offer 25 million units price at $10 each. A unit consists of one share and one-half of a warrant.
The sponsor has committed to the purchase of up to $14.75 million in warrants.
Ahren will focus on companies engaged in what it called deep technology and deep science. More specifically, Planet & Efficient Energy; Brain & Artificial Intelligence; Genetics & Platform Technologies; and Space, Robotics & Physics.
CEO and Director Alice Newcombe-Ellis is the founding and general partner of Ahren, an investment firm affiliated with the SPAC.
Citigroup is sole book-running manager.
The SPAC intends to apply to have units listed on the Nasdaq under AHRNU. Read more.
