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Axiom Intelligence Acquisition Corp 1 Announces Pricing of $175,000,000 Initial Public Offering
Globenewswireยท 2025-06-17 22:30
Company Overview - Axiom Intelligence Acquisition Corp 1 is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [2] - The company intends to focus its initial search on companies in the European infrastructure industry [2] - The management team includes Richard Dodd (Executive Chairman), Douglas Ward (CEO), Daniel Mamadou-Blanco (President), Rob Dilling Jr. (CFO), and Chris Ackermann (COO), along with independent directors and senior advisers [2] Initial Public Offering (IPO) Details - The company announced the pricing of its IPO of 17,500,000 units at a price of $10.00 per unit, with trading set to begin on June 18, 2025 [1] - Each unit consists of one Class A ordinary share and one right to receive one-tenth (1/10) of one Class A ordinary share upon the consummation of the initial business combination [1] - The offering is expected to close on or about June 20, 2025, subject to customary closing conditions, and underwriters have a 45-day option to purchase an additional 2,625,000 units [1] Underwriters - Cohen & Company Capital Markets acted as the lead book-running manager for the offering, while Seaport Global Securities LLC served as the joint book-runner [3]