AXIOS Sustainable Growth Acquisition priced its initial public offering of 15 million units at $10 each, an increase of 2.5 million more units than expected. Units list on the New York Stock Exchange and trade under the ticker symbol AXACU starting today.
Each unit consists of one Class A ordinary share, one right and a warrant. Each right entitles the holder to receive one-tenth of a share upon the consummation of a business combination. After the securities begin separate trading, shares, rights and warrants are expected to list under the symbols AXAC, AXACR and AXACWS, respectively.
The company intends to search for a target business that is engaged in the agribusiness, plant-based proteins, food processing, and related technology industry located in Central and Eastern Europe.
I-Bankers Securities is sole book-running manager for the offering. Read more.
