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SPAC AXIOS Sustainable Growth prices upsized $150 million IPO, targeting AgTech 2 years 2 weeks ago #764

  • Jason
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By Renaissance capital,

AXIOS Sustainable Growth Acquisition, a blank check company targeting agriculture-related technology firms in Central and Eastern Europe, raised $150 million by offering 15 million units at $10. The company offered 2.5 million more units than anticipated. Each unit consists of one share of common stock, one right to receive one-tenth of a share upon the completion of an initial business combination, and one warrant, exercisable at $11.50.


The SPAC is led by CEO and Director Benedikt Förtig, who previously served as the COO of Elite Agro LLC Serbia, and Chairman Martin Richenhagen, the former CEO of AGCO, a global manufacturer and distributor of agricultural equipment. The company plans to target the AgTech sector, focusing on agribusiness, plant-based proteins, food processing, and the related technology industry in Central and Eastern Europe.

AXIOS Sustainable Growth Acquisition plans to list on the NYSE under the symbol AXACU. I-Bankers Securities acted as sole bookrunner on the deal.

Source : preiposwap.com/spac-axios-sustainable-gr...ipo-targeting-agtech

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Last edit: by Jason.

SPAC AXIOS Sustainable Growth prices upsized $150 million IPO, targeting AgTech 2 years 2 weeks ago #765

NEW YORK--(BUSINESS WIRE)--AXIOS Sustainable Growth Acquisition Corporation (the “Company”) announced today that it priced its initial public offering of 15,000,000 units at $10.00 per unit. The units will be listed on the New York Stock Exchange (“NYSE”) and trade under the ticker symbol “AXACU” beginning on February 16, 2022. Each unit consists of one Class A ordinary share, one right and one redeemable warrant. Each right entitles the holder thereof to receive one-tenth of one Class A ordinary share upon the consummation of an initial business combination. Each warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares, rights and redeemable warrants are expected to be listed on the NYSE under the symbols “AXAC,” “AXACR” and “AXACWS,” respectively.

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SPAC AXIOS Sustainable Growth prices upsized $150 million IPO, targeting AgTech 2 years 2 weeks ago #766

  • Neha
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I-Bankers Securities, Inc. is acting as sole book-running manager for the offering. The Company has granted the underwriters a 30-day option to purchase up to an additional 2,250,000 units at the initial public offering price.

The offering is being made only by means of a prospectus, copies of which may be obtained, when available, by contacting I-Bankers Securities, Inc., 1208 Shady Ln N., Keller, Texas 76248. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.

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