AxonPrime Infrastructure Acquisition, a blank check company formed by Axon Capital and Prime Movers Lab, filed on Thursday with the SEC to raise up to $150 million in an initial public offering.
The New York, NY-based company plans to raise $150 million by offering 15 million units at $10 per unit. Each unit contains one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, the company would command a market value of $188 million.
AxonPrime Infrastructure Acquisition is led by co-founder and CEO Dinakar Singh, founder and CEO of Axon Capital, co-founder Dakin Sloss, founder and General Partner of Prime Movers Lab, and CFO, COO, and Director Jon Layman, Partner at Prime Movers Lab. The company aims to leverage management's experience to target breakthrough science and technology of infrastructure industries, with a specific focus on communication, robotics, building and construction technology, water, 3D printing and semiconductors
The company was founded in 2021 and plans to list on the Nasdaq under the symbol APMIU. AxonPrime Infrastructure Acquisition filed confidentially on May 4, 2021. Morgan Stanley is the sole bookrunner on the deal.
