Athlon Acquisition Corp, a blank check company sponsored by Causeway Media Partners, has raised $240 million for its IPO after pricing its 24 million shares at $10 per share. The stock began trading January 12, 2021 on the NASDAQ under the ticker symbol “SWETU.” Jefferies LLC is serving as the sole underwriter.
NEW YORK, Jan. 11, 2021 /PRNewswire/ — Athlon Acquisition Corp. (the “Company”) announced today that it priced its initial public offering of 24,000,000 units at $10.00 per unit. The units will be listed on The Nasdaq Capital Market (“Nasdaq”) and trade under the ticker symbol “SWETU” beginning January 12, 2021. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share.
After the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “SWET” and “SWETW,” respectively. The Company expects the offering to be consummated on January 14, 2020.
The Company, sponsored by an affiliate of Causeway Media Partners, is led by Chief Executive Officer Chris Hickey and Chairman Mark Wan. The Company is a blank check company formed for the purpose of effecting a business combination. The Company intends to focus its search for business combination targets in the health, wellness and fitness sectors and the products, devices, applications, and technology driving growth within these verticals.
Jefferies LLC is serving as the sole book runner for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 3,600,000 units at the initial public offering price to cover over-allotments, if any.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10002, by telephone: 877-821-7388 or by email: Prospectus_Department@Jefferies.com.