AACPU (AACPU)

Key Insights

• Apogee Acquisition Corp, a Cayman Islands-based special purpose acquisition company (SPAC), has completed its initial public offering of 17.25 million units at $10 per unit, raising gross proceeds of $172.5 million.
• The company has also raised an additional $4.7 million through a private placement of 470,000 units to its sponsor, Apogee Acquisition Sponsor LLC.
• The net proceeds from the offering and private placement, totaling $173.36 million, have been placed in a trust account for the benefit of the company's public shareholders.
• Apogee Acquisition Corp is an emerging growth company and has not elected to use the extended transition period for complying with any new or revised financial accounting standards.