Apeiron Capital Investment, a blank check targeting financial technology, media, gaming, and financial services, lowered the proposed deal size for its upcoming IPO on Friday.
The Boston, MA-based company now plans to raise $150 million by offering 15 million units at $10 per unit. The company had previously filed to offer 20 million units. Units still contain one share of common stock and one-half warrant, exercisable at $11.50. At the revised deal size, Apeiron Capital Investment will raise 25% less in proceeds than previously anticipated.
Apeiron Capital Investment is led by CEO and Chairman Joel Shulman, the founder, Managing Director, and CIO of global asset manager ERShares, and CFO Grant Grigorian, the former CFO of National Automotive Experts/NWAN and former long-time Ford executive. The company is targeting businesses in financial technology, media, gaming, financial services, wealth management, and asset management with enterprise values between $500 million and $1.5 billion.
Apeiron Capital Investment was founded in 2021 and plans to list on the NYSE under the symbol APN.U. B. Riley Securities is the sole bookrunner on the deal
