AXIOS Sustainable Growth (AXAC.U) Prices Upsized $150M IPO

AXIOS Sustainable Growth Acquisition Corp. announced the pricing of its upsized $150 million IPO and its units are expected to begin trading on the NYSE under the symbol “AXAC.U” Wednesday, February 16.

The new SPAC intends to acquire a business engaged in agribusiness, plant-based proteins, food processing and AgTech based in Central and Eastern Europe. Axios Sustainable Growth is led by CEO Benedikt Fortig, CFO Dr. Ram Burgi-Krishnamurthy, and COO Anthony V. Raftpol.

Total SPAC deal count for 2022 year-to-date is now 40. This offering is expected to close on Friday, February 18.

I-Bankers Securities, Inc. is acting as the sole book-running manager of the offering. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with Schiff Hardin LLP serving as Underwriter’s Counsel.  Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.