Ahren Acquisition, a blank check company formed by Ahren Innovation Capital targeting deep science and deep tech, raised $275 million by offering 27.5 million units at $10. The company offered 2.5 million more units than anticipated. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. Anchor investors had indicated on $89 million worth of units in the offering (32% of the deal).
The 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 plans to list on the Nasdaq under the symbol AHRNU. Citi acted as sole bookrunner on the deal.
