Acropolis Infrastructure Acquisition priced its IPO of 30 million units at $10 per unit.
Units begin listing today on the NYSE under ACRO.U. Each consists of one share of Class A common stock and one-third of one warrant; whole warrants redeemable at an exercise price of $11.50. Once the securities constituting the units begin separate trading, shares and warrants will list under ACRO and ACRO WS, respectively.
The SPAC is sponsored by an affiliate of Apollo Global Management
Acropolis intends to focus its search for a business in infrastructure, infrastructure services and related sectors in North America.
Credit Suisse is a joint bookrunner and representative of the underwriters, and Apollo Global Securities, Citigroup, Barclays and Evercore are joint bookrunners of the offering. Siebert Williams Shank & Co. is acting as co-bookrunner. The underwriters have a 30-day option to purchase up to 4.5 million additional units to cover over-allotments, if any. Read more.
