Acropolis Infrastructure Acquisition Corp. (ACRO.U) Prices $300M IPO


Acropolis Infrastructure Acquisition Corp. (ACRO.U) Prices $300M IPO

Acropolis Infrastructure Acquisition Corp. announced the pricing of its $300 million IPO and its units are expected to begin trading on the New York Stock Exchange under the symbol “ACRO.U” Friday, July 9.

The new SPAC aims to combine with a target in infrastructure, infrastructure services or a related sector that has exhibited positive top-line growth. Acropolis Infrastructure is led by CEO Geoffrey Strong, CFO James Crossen, and Chairman Dylan Foo.

Total SPAC deal count for 2021 year-to-date is now 365. This offering is expected to close on Tuesday, July 13.

Credit Suisse Securities (USA) LLC is acting as a joint bookrunner and representative of the underwriters, and Apollo Global Securities, LLC, Citigroup Global Markets Inc., Barclays Capital Inc. and Evercore Group L.L.C. are acting as joint bookrunners of the offering. Siebert Williams Shank & Co., LLC is acting as co-bookrunner. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as Issuer’s Counsel with Latham & Watkins LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.