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Financial services-focused SPAC Apeiron Capital Investment files for a $200 million IPO

June 24, 2021

Apeiron Capital Investment, a blank check targeting financial technology, media, gaming and financial services, filed on Thursday with the SEC to raise up to $200 million in an initial public offering.

The Boston, MA-based company plans to raise $200 million by offering 20 million units at $10 per unit. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Apeiron Capital Investment would command a market value of $250 million. 

Apeiron Capital Investment is led by CEO and Chairman Joel Shulman, the founder, Managing Director, and CIO of global asset manager ERShares, and CFO Grant Grigorian, the former CFO of National Automotive Experts/NWAN and former long-time Ford executive. The company is targeting businesses in financial technology, media, gaming, financial services, wealth management, and asset management with enterprise values between $500 million and $1.5 billion.

The company was founded in 2021 and plans to list on the NYSE under the symbol APN.U. B. Riley Securities is the sole bookrunner on the deal.