Abony Acquisition Corp. I Closes $230M IPO With 3M-Unit Over-Allotment Exercised
Abony Acquisition Corp. I closed a $230 million IPO selling 23 million units at $10 each, including a full 3 million-unit over-allotment. Concurrently, it raised $6.95 million in a private placement of 695,000 units with sponsor Abony Sponsor I LLC and BTIG as purchasers.
1. IPO Closing Details
Abony Acquisition Corp. I completed its initial public offering on February 20, issuing 23 million units at $10 per unit, which included the full exercise of a 3 million-unit over-allotment option. Each unit comprises one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable at $11.50 per share.
2. Private Placement Transaction
Simultaneously, the company closed a private placement of 695,000 units at $10 per unit, generating $6.95 million in gross proceeds. Abony Sponsor I LLC subscribed to 465,000 units, while BTIG, LLC purchased the remaining 230,000 units, under identical share and warrant terms to the public offering.
3. Listing and Use of Proceeds
The units began trading on Nasdaq’s Global Market under the symbol AACOU, with separate listings for Class A shares and warrants expected under AACO and AACOW once de-bundled. Net proceeds, after expenses, will be held in trust to fund an initial business combination targeting companies with enterprise values of $750 million to $1.5 billion, focusing on defense technology, advanced computing, software and media sectors.