Axiom Intelligence Acquisition 1, a blank check company targeting the European infrastructure industry, raised $175 million by offering 17.5 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
Axiom Intelligence Acquisition 1 is led by Executive Chairman Richard Dodd, a strategic advisor to CertifyIP and former Managing Partner of NewMarket Partners, and CEO and Director Douglas Ward, the owner and CEO of management consulting firm UKV3. The SPAC plans to target the European infrastructure industry.
Axiom Intelligence Acquisition 1 plans to list on the Nasdaq under the symbol AXINU. Cohen & Company Securities and Seaport Global acted as joint bookrunners on the deal.
