Science and tech SPAC AxonPrime Infrastructure Acquisition prices $150 million IPO

AxonPrime Infrastructure Acquisition, a blank check company formed by Axon Capital and Prime Movers Lab targeting the infrastructure industry, raised $150 million by offering 15 million units at $10. Each unit contains one share of common stock and one-third of a warrant, exercisable at $11.50.

AxonPrime Infrastructure Acquisition is led by co-founder and CEO Dinakar Singh, the founder and CEO of Axon Capital; co-founder Dakin Sloss, the founder and General Partner of Prime Movers Lab; and CFO, COO, and Director Jon Layman, a Partner at Prime Movers Lab. The company aims to leverage management's experience to target breakthrough science and technology of infrastructure industries, with a specific focus on communication, robotics, building and construction technology, water, 3D printing, and semiconductors.

AxonPrime Infrastructure Acquisition plans to list on the Nasdaq under the symbol APMIU. Morgan Stanley acted as sole bookrunner on the deal.