Announcement • Aug 19
AxonPrime Infrastructure Acquisition Corporation(NasdaqCM:APMI) dropped from NASDAQ Composite Index AxonPrime Infrastructure Acquisition Corporation has been dropped from NASDAQ Composite Index (^COMP) . Announcement • Aug 11
Nasdaq to Delist and Deregister AxonPrime Infrastructure Acquisition Corporation's Securities Management of AxonPrime Infrastructure Acquisition Corporation (the Company") has determined that the Company will not be able to consummate an initial business combination by August 17, 2023, and pursuant to the Company's Second Amended and Restated Certificate of Incorporation, the Company's Board of Directors (the Board") has determined to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the shares of the Company's Class A common stock, par value $0.0001 per share (Class A Common Stock"), at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account (which interest shall be less taxes payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding shares of the Class A Common Stock, which redemption will completely extinguish public stockholders' rights as stockholders (including the right to receive further liquidation distributions, if any) and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the holders of the Company's Class B common stock and the Board, liquidate and dissolve. On August 15, 2023, each unit then outstanding will be separated into one share of Class A Common Stock and one-third of a redeemable warrant to purchase shares of Class A Common Stock (the Redeemable Warrants"). The Company expects that the last day of trading of the Company's shares of Class A Common Stock, Redeemable Warrants and units (collectively, the Securities") on the Nasdaq Stock Market LLC (Nasdaq") will be August 17, 2023. The Company expects that Nasdaq will thereafter file with the U.S. Securities and Exchange Commission (the SEC") a Form 25 Notification of Removal from Listing and/or Registration (Form 25") to delist and deregister the Company's Securities under Section 12(b) of the Securities Exchange Act of 1934, as amended (the Exchange Act"). As a result, the Securities will no longer be listed on Nasdaq. The Company thereafter intends to file a Form 15 Certification and Notice of Termination of Registration with the SEC, requesting that the Company's reporting obligations under Sections 13 and 15(d) of the Exchange Act be terminated with respect to the Securities. Announcement • May 16
AxonPrime Infrastructure Acquisition Corporation announced delayed 10-Q filing On 05/15/2023, AxonPrime Infrastructure Acquisition Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 
