---
title: "Apogee Acquisition raises $177.2M in IPO and sponsor placement; $173.36M held in trust"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282747484.md"
description: "Apogee Acquisition raised $177.2 million through its IPO and sponsor placement, with $173.36 million placed in trust. The IPO involved 17.25 million units priced at $10 each, including a full over-allotment of 2.25 million units, generating $172.5 million gross. A simultaneous private placement of 470,000 units raised $4.7 million. The audited balance sheet as of April 8, 2026, shows total assets of $174.1 million and cash held in trust of $173.36 million. Deferred underwriting commissions totaled $6 million, with transaction costs of $8.97 million."
datetime: "2026-04-14T21:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282747484.md)
  - [en](https://longbridge.com/en/news/282747484.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282747484.md)
---

# Apogee Acquisition raises $177.2M in IPO and sponsor placement; $173.36M held in trust

**Apogee Acquisition raised $177,200,000 from its public offering and sponsor private placement and placed $173,362,500 in trust.**

**Key Highlights:**

-   Completed IPO of 17,250,000 units at $10.00 each, including full 2,250,000 unit over-allotment, generating $172,500,000 gross.
-   Simultaneous private placement of 470,000 units to sponsor for $4,700,000.
-   $173,362,500 (approximately $10.05 per unit) of net proceeds placed in a trust account for public shareholders.
-   Audited balance sheet as of April 8, 2026 shows total assets $174,101,426 and cash held in trust $173,362,500.
-   Deferred underwriting commission of $6,000,000 recorded; transaction costs totaled $8,972,198.

Original SEC Filing: Apogee Acquisition Corp \[ AACPU \] - 8-K - Apr. 14, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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