AxonPrime Infrastructure Acquisition Corp. (APMIU) Prices $150M IPO


AxonPrime Infrastructure Acquisition Corp. (APMIU) Prices $150M IPO

Aug 13, 2021 IPOs by Kristi Marvin

AxonPrime Infrastructure Acquisition Corp. announced the pricing of its $150 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “APMIU” Friday, August 13.

The new SPAC 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. AxonPrime Infrastructure is led by Founder and CEO Dinakar Singh, Founder Dakin Sloss, and CFO and COO Jon Layman.

Total SPAC deal count for 2021 year-to-date is now 412. This offering is expected to close on Tuesday, August 17.

Morgan Stanley served as the sole book-running manager on the offering. Hogan Lovells US LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Computershare Trust Company N.A. is acting as trustee.