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AxonPrime Infrastructure Acquisition : Announces Pricing of $150 Million Initial Public Offering (Form 8-K)

08/23/2021 | 05:34pm EDT
AxonPrime Infrastructure Acquisition Corp. Announces Pricing of $150 Million Initial Public Offering

NEW YORK, Aug. 13, 2021 -- 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

Disclaimer

AxonPrime Infrastructure Acquisition Corporation published this content on 23 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2021 21:33:04 UTC.


© Publicnow 2021
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