APx Acquisition Corp. I (APXIU) Prices $150M IPO


APx Acquisition Corp. I (APXIU) Prices $150M IPO

APx Acquisition Corp. I announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “APIXU” Tuesday, December 7.

The new SPAC intends to focus its search for target businesses in Mexico, Spanish-speaking Latin America, and Hispanic businesses in the United States, while prioritizing companies with significant technological advantages and strong fundamentals.  APx I is led by CEO and Chairman of the Board Daniel Braatz, and CFO Xavier Martinez.

Total SPAC deal count for 2021 year-to-date is now 574. This offering is expected to close on Thursday, December 9.

BofA Securities is acting as the sole book-running manager of the offering. Davis Polk & Wardwell LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.