Apeiron Capital Investment Corp. Announces Pricing of $150,000,000 Initial Public Offering
09 November 2021 - 11:40AM
Apeiron Capital Investment Corp. (the “Company”) announced today
that it priced its initial public offering of 15,000,000 units, at
$10.00 per unit. The units will be listed on the New York Stock
Exchange (“NYSE”) and will begin trading tomorrow, Tuesday,
November 9, 2021, under the ticker symbol “APN U.” Each unit
consists of one share of the Company’s Class A common stock and
one-half of one redeemable warrant, each whole warrant entitling
the holder thereof to purchase one share of Class A common stock at
a price of $11.50 per share. Only whole warrants are exercisable.
No fractional warrants will be issued upon separation of the units
and only whole warrants will trade. Once the securities comprising
the units begin separate trading, shares of the Class A common
stock and warrants are expected to be listed on NYSE under the
symbols “APN” and “APN W,” respectively.
The offering is expected to close on November
12, 2021, subject to customary closing conditions.
The Company is a blank check company formed for
the purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. While the Company may
pursue an initial business combination target in any stage of its
corporate evolution or in any industry or sector, it intends to
focus its search on companies in the financial technology, media,
gaming and financial services (“FTMG”) and in the wealth-advisory
and asset management industries. The Company is led by its Chief
Executive Officer, Dr. Joel
Shulman.
Cantor Fitzgerald & Co. is acting as sole
book-running manager of the offering. The Company has granted
Cantor Fitzgerald & Co. 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 may be obtained, when
available, from Cantor Fitzgerald & Co., Attention: Capital
Markets, 499 Park Avenue, New York, New York 10022 or by email at
prospectus@cantor.com.
A registration statement relating to these
securities has been filed with, and declared effective by, the
Securities and Exchange Commission (“SEC”) on November 8,
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
an 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 the anticipated use of the net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or 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 registration
statement and preliminary prospectus for the 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
Dr. Joel ShulmanChief Executive Officer
shulman@ershares.com(617) 279-0045
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