AXIOS Sustainable Growth Acquisition Corp. announced the pricing of its upsized $150 million IPO and its units are expected to begin trading on the NYSE under the symbol “AXAC.U” Wednesday, February 16.
The new SPAC intends to acquire a business engaged in agribusiness, plant-based proteins, food processing and AgTech based in Central and Eastern Europe. Axios Sustainable Growth is led by CEO Benedikt Fortig, CFO Dr. Ram Burgi-Krishnamurthy, and COO Anthony V. Raftpol.
Total SPAC deal count for 2022 year-to-date is now 40. This offering is expected to close on Friday, February 18.
I-Bankers Securities, Inc. is acting as the sole book-running manager of the offering. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with Schiff Hardin LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Willow Lane (NASDAQ:WLACU) has filed for a $110 million SPAC to be the latest repeat SPAC team returning to the market with the help of underwriter BTIG. BTIG is, in fact, leading recent underwriter activity with four new SPACs filed since the August 1, while no other firm has been left lead for more than...
At the SPAC of Dawn While SPACs settle into a slight pause through Rosh Hashanah, de-SPACs are also entering another period of holiday-based trading patterns. Traders following the usual “Sell in May and Go Away” pattern this year would have missed out on a major late-summer market rally. But, stocks may now feel the effects...
At the SPAC of Dawn As SPACs switch back into gear with a new cycle, traditional IPO road shows are heating up into the fourth quarter as well. A raft of private equity-backed companies have determined now is the time to strike and the period between the Fed’s September rate slash and the November election...
Earth, Wind & Fire may have been on to something with the end of September and “chasin’ the clouds away“. The SPACs from the past are still lingering which are affecting the averages as newly issued SPACs have come to market in the past year. Each has the same goal of bringing a target company...
Ocean Capital Acquisition Corporation (Nasdaq:OCACU) filed this morning for a $60 million offering to be underwritten by Brookline Capital Markets. This is only the second offering for Brookline where they will be in the position of sole bookrunner, with DT Cloud Acquisition Corporation being their first. However, Brookline has been a bookrunner to the right...