Apogee Acquisition Corp said it has priced an initial public offering consisting of 15 million units at $10.00 per unit, bringing total gross proceeds of $150 million. The company expects those units to begin trading on the NASDAQ stock market under the symbol "AACPU" on April 7, 2026.
Each unit will consist of three components: one Class A ordinary share, one redeemable warrant and one right to receive one-fifth of one Class A ordinary share upon the closing of an initial business combination. The warrants included with the units permit holders to acquire one Class A ordinary share at an exercise price of $11.50 per share, subject to customary adjustments.
Apogee said that after the separate components commence individual trading, it expects the Class A ordinary shares, the warrants and the rights to trade under the ticker symbols "AACP," "AACPW" and "AACPR," respectively. The company anticipates closing the offering on April 8, 2026, subject to customary closing conditions.
Formed to pursue merger, acquisition or similar business combination opportunities, Apogee plans to target firms developing advanced technologies in both physical and digital domains. The company listed a range of sectors it intends to focus on, including software, hardware, compute infrastructure, engineered materials, intelligent systems, automation, specialized components, and energy and power technologies.
ARC Group Securities LLC is named as the sole book-running manager for the offering. In addition, the underwriters have been granted a 45-day option to purchase up to 2.25 million additional units at the IPO price to cover over-allotments.
The company has characterized the offering as intended to provide capital and a public listing to pursue strategic combinations in targeted technology areas. Details reported here are drawn from the company press release regarding the offering.