Apogee Acquisition, a blank check company targeting advanced technologies, raised $150 million by offering 15 million units at $10. Each unit one share of common stock, one warrant exercisable at $11.50, and one right to one-fifth of one ordinary share upon the consummation of an initial business combination.
Apogee Acquisition is led by CEO and Chairman Jeffrey Smith, who is the managing member of Apogee Capital Partners, Apogee Strategic Ventures, and Apogee Venture Fund. He is joined by CFO Ian Rhodes, the CFO of Renatus Tactical Acquisition I (Nasdaq: RTACU), and the Interim CFO of TNF Pharmaceuticals.
The SPAC intends to target companies developing, integrating, or enabling advanced technologies across both physical and digital domains, including opportunities in software, hardware, compute infrastructure, engineered materials, intelligent systems, automation, specialized components, energy and power technologies, and other technology-driven platforms that support mission-critical functions across modern markets.
The Cheyenne, WY-based company will trade on the Nasdaq under the symbol AACPU. Arc Group Securities acted as sole bookrunner on the deal.
