NEW YORK, Aug. 13, 2021 /PRNewswire/ -- AxonPrime
Infrastructure Acquisition Corporation (the "Company"), a blank
check company targeting the infrastructure sector, today announced
the pricing of its initial public offering of 15,000,000 units at a
price of $10.00 per unit. The units
will be listed on the Nasdaq Capital Market ("Nasdaq") and trade
under the ticker symbol "APMIU" beginning on August 13, 2021. Each unit consists of one share
of Class A common stock and one-third of one redeemable warrant,
with each whole warrant exercisable to purchase one share of Class
A common stock at a price of $11.50
per share. Only whole warrants will be exercisable. Once the
securities comprising the units begin separate trading, the shares
of Class A common stock and the warrants are expected to be listed
on Nasdaq under the symbols "APMI" and "APMIW," respectively. The
offering is expected to close August 17,
2021, subject to customary closing conditions.
AxonPrime Infrastructure Acquisition Corporation is a blank
check company whose business purpose is to effect a merger, capital
stock exchange, asset acquisition stock purchase, reorganization or
similar business combination with one or more businesses. The
Company intends to focus its search on potential targets that are
developing breakthrough scientific and technological innovations in
the areas of communication, robotics, building and construction
technology, water, 3D printing, and semiconductors.
Morgan Stanley is acting as the sole book-runner for the
offering. The Company has granted the underwriters a 45-day option
to purchase up to an additional 2,250,000 units at the initial
public offering price to cover over-allotments, if any.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus relating to this offering may
be obtained from the SEC website http://www.sec.gov; or from Morgan
Stanley, Attn: Prospectus Department, 180 Varick Street,
2nd Floor, New York, New
York 10014, Email: prospectus@morganstanley.com.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on August 12, 2021. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering and search for an initial business combination. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all, or that the proceeds
of the offering will be used as indicated. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company's registration statement for
the initial public offering filed with the SEC. Copies are
available on the SEC's website, www.sec.gov. The Company undertakes
no obligation to update these statements for revisions or
changes after the date of this release, except as required by
law.
Contact
Jon Layman
Chief Financial Officer, Chief Operating Officer and Director
AxonPrime Infrastructure Acquisition Corporation
AxonPrime@axonprimespac.com
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SOURCE AxonPrime Infrastructure Acquisition Corporation