AP Acquisition Corp Announces $150 Mn

AP Acquisition Corp, a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, announced the pricing on December 17, 2021 (HKT) of its initial public offering of 15,000,000 units at a price of $10.00 per unit.

The units will be listed on the New York Stock Exchange and trade under the ticker symbol APCA-U beginning December 17, 2021 (HKT). Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant. Only whole warrants are exercisable.

Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the New York Stock Exchange under the symbols APCA and APCA-W, respectively.

Credit Suisse Securities (USA) LLC is acting as book-running manager of the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.