Apeiron Capital Investment Corp. Announces Pricing of $150,000,000 Initial Public Offering

Rhea-AI Summary

Apeiron Capital Investment Corp. announced the pricing of its initial public offering (IPO) of 15,000,000 units at $10.00 per unit, set to begin trading on the NYSE under the ticker APN U on November 9, 2021. Each unit comprises one share of Class A common stock and one-half of a redeemable warrant, with whole warrants exercisable at $11.50 per share. The offering is expected to close on November 12, 2021, pending customary conditions. The company intends to focus on mergers in the FTMG sectors, while Cantor Fitzgerald serves as the offering manager.

Positive

• Pricing of IPO at $10.00 per unit indicates strong market interest.
• Focus on growth sectors (financial technology, media, gaming, financial services) may lead to significant business opportunities.
• Potential additional capital through the overallotment option for 2,250,000 units strengthens liquidity.

Negative

• Initial public offering might lead to share dilution for existing stakeholders.
• No explicit financial metrics provided could raise concerns about future profitability.

Boston, Massachusetts, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Apeiron Capital Investment Corp. (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 will begin trading tomorrow, Tuesday, November 9, 2021, under the ticker symbol “APN U.” Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, shares of the Class A common stock and warrants are expected to be listed on NYSE under the symbols “APN” and “APN W,” respectively.

The offering is expected to close on November 12, 2021, subject to customary closing conditions.

The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, it intends to focus its search on companies in the financial technology, media, gaming and financial services (“FTMG”) and in the wealth-advisory and asset management industries. The Company is led by its Chief Executive Officer, Dr. Joel Shulman.
        

Cantor Fitzgerald & Co. is acting as sole book-running manager of the offering. The Company has granted Cantor Fitzgerald & Co. a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.

The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, New York, New York 10022 or by email at prospectus@cantor.com.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission (“SEC”) on November 8, 2021.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact

Dr. Joel Shulman
Chief Executive Officer
shulman@ershares.com
(617) 279-0045

FAQ

What are the details of the Apeiron Capital Investment Corp IPO?

Apeiron Capital Investment Corp has priced its IPO at $10.00 per unit, consisting of one share of Class A common stock and one-half of a redeemable warrant.

When will Apeiron Capital Investment Corp begin trading on the NYSE?

The trading for Apeiron Capital Investment Corp under the ticker symbol 'APN U' will commence on November 9, 2021.

What is the purpose of Apeiron Capital Investment Corp's IPO?

The IPO aims to raise capital for potential mergers and acquisitions in sectors like financial technology and media.

Who manages the offering for Apeiron Capital Investment Corp?

Cantor Fitzgerald & Co. is the sole book-running manager for the offering.

What is the potential impact of the IPO on shareholders?

The IPO could lead to share dilution for existing shareholders, depending on the exercise of warrants and overallotment options.