Acropolis Infrastructure Acquisition Corp. Announces Pricing of $300 Million Initial Public Offering
09 Juli 2021 - 1:25AM
Acropolis Infrastructure Acquisition Corp. (the “Company”) today
announced the pricing of its initial public offering of 30,000,000
units at $10.00 per unit. The units will be listed on the New York
Stock Exchange (the “NYSE”) under the symbol “ACRO.U” commencing on
July 9, 2021. Each unit consists of one share of Class A common
stock of the Company and one-third of one warrant, each whole
warrant entitling the holder thereof to purchase one share of Class
A common stock at an exercise price of $11.50 per share. Once the
securities constituting the units begin separate trading, the
Company expects the shares of Class A common stock and warrants
will be listed on the NYSE under the symbols “ACRO” and “ACRO WS,”
respectively.
The Company is sponsored by Acropolis Infrastructure Acquisition
Sponsor, L.P., an affiliate of Apollo Global Management, Inc.
(NYSE: APO). The Company was formed for the purpose of effecting a
merger, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses. It intends to focus its search for a business
combination target in infrastructure, infrastructure services and
related sectors in North America.
Credit Suisse Securities (USA) LLC is acting as a joint
bookrunner and representative of the underwriters, and Apollo
Global Securities, LLC, Citigroup Global Markets Inc., Barclays
Capital Inc. and Evercore Group L.L.C. are acting as joint
bookrunners of the offering. Siebert Williams Shank & Co., LLC
is acting as co-bookrunner. The Company has granted the
underwriters a 30-day option to purchase up to 4,500,000 additional
units at the initial public offering price to cover
over-allotments, if any.
This offering will only be made by means of a prospectus. Copies
of the preliminary prospectus relating to the offering and final
prospectus, when available, may be obtained from Credit Suisse
Securities (USA) LLC, Attention: Prospectus Department, 6933 Louis
Stephens Drive, Morrisville, North Carolina 27560, or by telephone
at (800) 221-1037 or by email at usa.prospectus@credit-suisse.com;
Apollo Global Securities, LLC, Attention: Prospectus Department, 9
West 57th Street, New York, New York 10019, or by telephone at
(212) 515-3200; or Barclays Capital Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by
telephone: (888) 603-5847 or email:
Barclaysprospectus@broadridge.com.
A registration statement relating to these securities has been
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”). 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
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 and preliminary prospectus for the Company’s 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.
Contacts
Acropolis Infrastructure Acquisition Corp.
For investors please contact:
info@acropolisinfrastructure.com
For media inquiries please contact:
communications@apollo.com
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