Ahren Acquisition, a blank check company formed by Ahren Innovation Capital targeting deep science and deep tech, filed on Wednesday with the SEC to raise up to $250 million in an initial public offering.
The company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. Anchor investors have indicated on $89 million worth of units in the offering (36% of the deal).
The Cayman Islands-based company is led by CEO and Director Alice Newcombe-Ellis, Founding and General Partner of Ahren Innovation Capital, and CFO and Director Elliot Richmond, former Partner and Managing Director at Moelis (NYSE: MC). The company plans to leverage management's experience and target opportunities where the target business is fueled by breakthrough deep technology and deep science, focusing on those operating within any or all of four domains of interest: brain & artificial intelligence, genetics & platform technologies, planet & efficient energy, and space, robotics & physics.
Ahren Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol AHRNU. The company filed confidentially on May 13, 2021. Citi is the sole bookrunner on the deal.
