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