Aeon Acquisition I, a blank check company backed by The Aeon Group and Octagon Basketball Europe, filed on Friday 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 $10.00. Each unit consists of one share of common stock, one-half of one warrant, exercisable at $11.50, and one right to receive one-eighth of one share upon the completion of an initial business combination.
Aeon Acquisition I is led by CEO and Director Demetrios Malleos and CFO and Director Alan Lewis, the co-founders of investment firm The Aeon Group. They are joined by CIO and Director Georgios Panou and CSO Alex Saratsis, who are affiliated with international basketball agency Octagon Basketball Europe.
The SPAC plans to target the professional sports and sports-related entertainment industries, with an emphasis on European markets, particularly European basketball. It plans to focus on businesses with enterprise values between $500 million and $1 billion.
The Miami, FL-based company was founded in 2025 and plans to list on the Nasdaq under the symbol AESPU. D. Boral Capital is the sole bookrunner on the deal.
