Apogee Acquisition Closes $172.5 Million IPO

MT Newswires Live

04/09

Apogee Acquisition (AACPU) said late Wednesday it has closed its initial public offering of 17.3 million units at $10 per unit, raising $172.5 million in gross proceeds.

The company said each unit of the blank check company consists of one Class A share, one redeemable public warrant, and a right to receive one-fifth of a Class A share after an initial business combination. The units started trading on Nasdaq on Tuesday.

Once separated, the Class A shares, warrants, and rights will trade on Nasdaq under the symbols "AACP," "AACPW," and "AACPR", respectively, it added.

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