Ahren Acquisition Corp. Announces Completion of $300 million Upsized IPO
December 17 2021 - 4:05PM
Ahren Acquisition Corp. (the “Company”), today announced the
closing of its initial public offering of 30 million units,
including 2.5 million units issued pursuant to the exercise by the
underwriters of their over-allotment option, at a price of $10.00
per unit. Each unit issued in the initial public offering consists
of one Class A ordinary share and one-half of one warrant to
purchase one Class A ordinary share at an exercise price of $11.50
per share. The units are listed on the Nasdaq Global Market
(“Nasdaq”) and began trading under the ticker symbol “AHRNU” on
December 15, 2021. After the securities comprising the units begin
separate trading, the Class A ordinary shares and warrants are
expected to be listed on Nasdaq under the symbols “AHRN” and
“AHRNW,” respectively.
Ahren Acquisition Corp. is a blank check company
whose business purpose is to effect a merger, capital share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses. The
Company’s efforts to identify a prospective initial business
combination target will initially be focused on high growth, domain
leading companies fueled by breakthrough deep technology and/or
deep science. The Company believes that it is well positioned to
pursue initial business combination opportunities within its four
domains of interest: Planet & Efficient Energy; Brain &
Artificial Intelligence; Genetics & Platform Technologies; and
Space, Robotics & Physics.
The Company’s sponsor is AACS LP, which is an
affiliate of Ahren LP (“Ahren”). Ahren is an investment fund that
seeks to make transformative investments in companies that have the
capacity to penetrate large markets within and among the Company’s
four domains of interest and on a global stage. Ahren was founded
in 2017 by technology and disruptive healthcare investor and
Founding & General Partner Alice Newcombe-Ellis, alongside
co-founding Science Partners that have founded companies and/or
whose inventions and technologies are today valued in excess of
$100 billion combined. Alice Newcombe-Ellis will be acting as the
Company’s Chief Executive Officer.
Citigroup Global Markets, Inc. is the
underwriter for the offering. Citigroup and Lazard Frères &
Co., LLC are acting as our financial advisors in connection with
this offering.
The offering was made only by means of a
prospectus. Copies of the prospectus may be obtained from:
Citigroup Global Markets Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717, or by telephone:
800-831-9146.
A registration statement relating to these
securities was declared effective by the U.S. Securities and
Exchange Commission (the “SEC”) on December 14, 2021. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any State or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such State or jurisdiction.
Cautionary Note Concerning Forward-Looking
Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the Company’s search for an initial business combination. No
assurance can be given that the proceeds of the offering will be
used as indicated. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement for the initial public
offering filed with the SEC. Copies are available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
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CONTACT:Investor Relations, Ahren Acquisition
Corp. info@ahrenacq.com
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