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Apogee Acquisition Corp (NASDAQ:AACP) announced Tuesday that it has completed its initial public offering, raising $172.5 million through the sale of 17,250,000 units. The offering included the full exercise of the underwriters’ over-allotment option. Each unit consists of one Class A ordinary share, one redeemable warrant exercisable at $11.50 per share, and one right to receive one-fifth of a Class A ordinary share upon completion of an initial business combination. The units were priced at $10.00 each.
Simultaneously with the IPO, Apogee Acquisition Corp completed a private placement of 470,000 units to its sponsor, Apogee Acquisition Sponsor LLC, at $10.00 per unit, generating an additional $4.7 million in gross proceeds.
A total of $173,362,500, or $10.05 per unit, from the IPO and private placement proceeds—including $6 million in deferred underwriting commissions—has been placed in a trust account for the benefit of the company’s public shareholders. Efficiency INC. acts as trustee for the account.
The company’s securities are listed on the Nasdaq Stock Market LLC. The units trade under the symbol NASDAQ:AACPU, the Class A ordinary shares under NASDAQ:AACP, the warrants under NASDAQ:AACPW, and the rights under NASDAQ:AACPR.
An audited balance sheet as of April 8, 2026, reflecting the receipt of proceeds from the offering and the private placement, has been filed as an exhibit to the company’s current report on Form 8-K.
All information is based on a press release statement contained in a recent SEC filing.
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