Appleby Advises Apogee Acquisition Corp in Its US$172.5 Million Initial Public Offering
Appleby is pleased to announce that it acted as Cayman Islands legal counsel Apogee Acquisition Corp. (Apogee Acquisition), in connection to its initial public offering of 15,000,000 units at a price of $10.00 per unit on April 6, 2026.
Apogee Acquisition announced the closing of its initial public offering of 17,250,000 units at a price of $10.00 per unit on April 8, 2026, which included the full exercise by the underwriters of their overallotment option to purchase an additional 2,250,000 units. Total gross proceeds from the offering were $172,500,000 before deducting underwriting discounts and commissions and other offering expenses payable by Apogee Acquisition.
The units are listed for trading on the Nasdaq Stock Market LLC under the ticker symbol “AACPU” . Each unit consists of one Class A ordinary share, one redeemable warrant of the Company, and one right to receive one-fifth (1/5) of one Class A ordinary share upon the consummation of an initial business combination. Each warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares, warrants and rights will be listed on the Nasdaq Stock Market LLC under the symbols “AACP,” “AACPW” and “AACPR,” respectively.
The Appleby Capital Markets team was led by Partner Alexandra Low, with Paralegal Sophia Cunningham, and other members of the corporate team.
Appleby continues to play a key role in major IPO and public-market matters worldwide.
