Axiom Intelligence Acquisition Corp 1 Announces Completion of $200 Million Initial Public Offering

Rhea-AI Summary

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINU) has successfully completed its initial public offering, raising $200 million by selling 20 million units at $10.00 per unit, including 2.5 million units from the underwriters' over-allotment option. Each unit comprises one Class A ordinary share and one right to receive 1/10 of a Class A ordinary share upon completing an initial business combination. The SPAC began trading on Nasdaq on June 18, 2025, under AXINU, with plans to list its Class A shares and rights under AXIN and AXINR respectively. The company aims to focus on European infrastructure industry acquisitions and is led by Executive Chairman Richard Dodd and CEO Douglas Ward. Cohen & Company Capital Markets led the offering, with Seaport Global Securities as joint book-runner.

Positive

• Successfully raised $200 million through IPO, demonstrating strong investor interest
• Trading on major exchange (Nasdaq Global Market) provides high visibility and liquidity
• Experienced management team with focus on European infrastructure sector
• Additional capital secured through partial exercise of over-allotment option

Negative

• No specific acquisition target identified yet
• SPAC structure carries inherent risks of not finding suitable target within required timeframe
• Shareholders face potential dilution through rights conversion mechanism
• Limited to European infrastructure sector may restrict potential opportunities

New York, New York, June 20, 2025 (GLOBE NEWSWIRE) -- Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINU) (the “Company”) today announced the closing of its initial public offering of 20,000,000 units, which includes 2,500,000 units sold pursuant to the partial exercise of the underwriters’ over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $200,000,000.

The Company’s units commenced trading on the Nasdaq Global Market (“Nasdaq”) under the symbol “AXINU” on June 18, 2025. Each unit issued in the offering consists of one Class A ordinary share of the Company and one right to receive one tenth (1/10) of one Class A ordinary share upon the consummation of the Company’s initial business combination. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols “AXIN” and “AXINR,” respectively.

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, the Company intends to focus its initial search on companies in the European infrastructure industry. The Company’s management team is led by Richard Dodd, its Executive Chairman, Douglas Ward, its Chief Executive Officer, Daniel Mamadou-Blanco, its President, Robert Dilling, its Chief Financial Officer, and Chris Ackermann, its Chief Operating Officer. Dr. Claire Handby, Steven Leighton and Christopher Ellis are the Company’s independent directors and Sankalp Shangari and Wendy Li are its senior advisers.

Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, acted as the lead book-running manager for the offering. Seaport Global Securities LLC acted as joint book-runner.

A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on June 17, 2025. 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 offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering was made only by means of a prospectus, copies of which may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com. Copies of the registration statement can be accessed for free through the SEC's website at www.sec.gov.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated use of the net proceeds of the offering and the Company’s search for an initial business combination. 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 and final prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

Contact Information:

Axiom Intelligence Acquisition Corp 1
Richard Dodd, Executive Chairman  / Doug Ward, Chief Executive Officer
contact@aiac1.com
+44 20 3973 7928

FAQ

What is the IPO price and total amount raised for Axiom Intelligence Acquisition Corp 1 (AXINU)?

Axiom Intelligence Acquisition Corp 1 raised $200 million in its IPO, selling 20 million units at $10.00 per unit

What does each AXINU unit consist of?

Each unit consists of one Class A ordinary share and one right to receive one-tenth of one Class A ordinary share upon business combination completion

What is Axiom Intelligence Acquisition Corp's (AXINU) target sector for acquisition?

The company intends to focus on companies in the European infrastructure industry

What are the trading symbols for Axiom Intelligence Acquisition Corp 1?

The units trade as AXINU, with Class A shares and rights to trade as AXIN and AXINR respectively once separate trading begins

Who are the key executives leading Axiom Intelligence Acquisition Corp 1 (AXINU)?

The company is led by Richard Dodd (Executive Chairman), Douglas Ward (CEO), Daniel Mamadou-Blanco (President), Robert Dilling (CFO), and Chris Ackermann (COO)