NEW YORK, Aug. 17, 2021 /PRNewswire/ -- AxonPrime
Infrastructure Acquisition Corporation (the "Company") announced
today that it closed its initial public offering of 15,000,000
units at $10.00 per unit. The
offering resulted in gross proceeds to the Company of $150,000,000.
The Company's units are listed on the Nasdaq Capital Market
("Nasdaq") and commenced trading under the ticker symbol "APMIU" on
August 13, 2021. Each unit consists
of one share of the Company's Class A common stock and one-third of
one redeemable warrant, with each whole warrant entitling the
holder thereof to purchase one share of Class A common stock at a
price of $11.50 per share, subject to
adjustment. Once the securities comprising the units begin separate
trading, shares of the Class A common stock and redeemable warrants
are expected to be listed on Nasdaq under the symbols "APMI"
and "APMIW," respectively. Only whole warrants are exercisable and
will trade.
The Company 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 acted 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. Copies
of the prospectus relating to this offering may be obtained from
the Securities and Exchange Commission (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 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 search
for an initial business combination and anticipated use of the net
proceeds of the initial public offering. No assurance can be given
that the net 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 prospectus
included as part of the 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