AXIOS Sustainable Growth Acquisition Corporation announced a private placement of 7,545,000 private placement warrants for $1 per warrant for a gross proceed of $7,545,000 on December 23, 2021. The transaction will include participation from returning investor AXIOS Sponsor LP for 6,545,000 and another investor for 1,000,000. The transaction also includes an oversubscription of 656,250 warrant for $1 per warrant for an additional gross proceed of $656,250 in the aggregate if the underwriters' option to purchase additional warrants is exercised in full including AXIOS Sponsor LP subscribing to additional 531,250 warrants and another investor to additional 125,000 warrant.

Each warrant entitles the holder thereof to purchase one share of Class A common stock at $11.50 per share, subject to adjustment and will not be redeemable. The transaction is subject to approval of board of directors of the company. The transaction will close simultaneously with the closing of public offering.

The warrants will not be redeemable, transferable, assignable or salable until 30 days after the completion of initial business combination and will be entitled to registration rights.