Apeiron Capital Investment Corp. announced the pricing of its $150 million IPO and its units are expected to begin trading on the NYSE under the symbol “APN.U” Tuesday, November 9.
The new SPAC 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. Apeiron Capital Investment Corp. is led by Chairman and CEO Joel Shulman, COO Eva Adosoglou, and CFO Grant Grigorian.
Total SPAC deal count for 2021 year-to-date is now 528. This offering is expected to close on Thursday, November 11.
Cantor Fitzgerald & Co. is acting as sole book-running manager of the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with King & Spalding LLP serving as Underwriter’s Counsel. Marcum, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
SEC Chair Gary Gensler made waves with public remarks last week noting that the agency would be looking at potentially making enforcement actions against companies found to be “AI-washing” their descriptions of business operations, claiming to have an artificial intelligence angle where one does not exist. He did not connect this issue with SPACs directly,...
At the SPAC of Dawn This week is set to see SPACs rush to tie up business combinations nicely in a bow before the final two weeks of the year. Eight SPACs currently have completion votes on the docket this week, while there are currently just four more booked for the rest of 2023. Eight...
SportsMap Tech Acquisition Corp. (NASDAQ:SMAP) announced this morning that its shareholders approved its business combination with intelligent thermal imaging provider Infrared Cameras Holdings (ICI) during a special meeting on December 8. A total of 3,829,673 shares of the common stock, representing approximately 73.86% of the issued and outstanding shares, were present at the meeting, constituting...
Terms Tracker for the Week Ending December 8, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Well that escalated quickly. While last week was quiet, this week was far busier. SPACs saw one IPO start trading after pricing on Friday of...
Mobiv Acquisition Corp. (NASDAQ:MOBV) announced this afternoon that it has closed its combination with EV motorcycle-maker SRIVARU. Shareholders originally approved the deal at a special meeting held back on September 28, but at that time, the parties expected the transaction to take just a week to close. Redemptions whittled Mobiv’s IPO share pool of 10,005,000 down...