APx Acquisition Corp. I Announces Pricing of $150 Million Initial Public Offering
07 Dezembro 2021 - 10:40AM
Business Wire
APx Acquisition Corp. I (“APx” or the “Company”) announced today
that it priced its initial public offering of 15,000,000 units at
$10.00 per unit. The units are expected to be listed on the Nasdaq
Global Market (“Nasdaq”) and trade under the ticker symbol “APXIU”
beginning on December 7, 2021. Each unit consists of one Class A
ordinary share and one-half of one redeemable warrant. Each whole
warrant entitles the holder thereof to purchase one Class A
ordinary share at a price of $11.50 per share. Only whole warrants
are exercisable. Once the securities comprising the units begin
separate trading, the Class A ordinary shares and redeemable
warrants are expected to be listed on Nasdaq Global Market under
the symbols “APXI” and “APXIW,” respectively. The offering is
expected to close on December 9, 2021.
The Company was formed for the purpose of effecting a merger,
amalgamation, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses. The Company intends to seek a business combination with
a technology-enabled Latin American company. APx’s key individuals
include Daniel Braatz (Chief Executive Officer and Chairman) and
Xavier Martinez (Chief Financial Officer).
BofA Securities is acting as the sole book-running manager of
the offering. The Company has granted the underwriters 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 final prospectus.
When available, copies of the final prospectus may be obtained from
BofA Securities by mailing NC1-004-03-43, 200 North College Street,
3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus
Department or by email at dg.prospectus_requests@bofa.com.
A registration statement relating to the securities has been
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on December 6, 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 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
proposed 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, preliminary prospectus and final prospectus for the
Company’s offering filed with the SEC. Copies of these documents
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.
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Investor Contact
Xavier Martinez Chief Financial Officer Xavi@apxcap.mx
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