AXIOS Sustainable Growth Acquisition Files for $125M IPO

IPO

AXIOS Sustainable Growth Acquisition registered to offer 12.5 million units at $10 each.

The SPAC plans to focus on AgTech targets in Eastern Europe.

A unit consists of one Class A ordinary share, one right and a warrant. Each right entitles the holder to receive one-twentieth of a share following the closing of a business combination.

CEO Benedikt Förtig was previously from 2019 to 2020 the general manager and COO of Elite Agro LLC Serbia (a subsidiary of YAS Holding LLC, Abu Dhabi).

I-Bankers is sole book-running manager of the offering.

The SPAC plans to apply for a NYSE listing under the symbol AXACU. Read more.

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