Last Updated:
Searching
Create account to add to watchlist!

Acropolis Infrastructure Acquisition Corp. - ACRO

  • Commons

    $9.72

    +0.00%

    ACRO Vol: 7.8K

  • Warrants

    $0.95

    -2.06%

    ACRO+ Vol: 1.0

  • Units

    $10.00

    -0.10%

    ACRO= Vol: 70.0

Average: 0
Rating Count: 0
You Rated: Not rated

Please log in to rate.

SPAC Stats

Market Cap: 335.3M
Average Volume: 25.8K
52W Range: $9.62 - $9.82
Weekly %: +0.00%
Monthly %: +0.21%
Inst Owners: 0

Info

Target: Searching
Days Since IPO: 150
Unit composition:
Each unit has an offering price of $10.00 and consists of one share of Class A common stock and one-fifth of one redeemable warrant
Trust Size: 40000000.0M

Management

Our officers, directors and director nominees are as follows: Name ​ ​ Age ​ ​ Position ​ Geoffrey Strong* ​ ​ 46 ​ ​ Chief Executive Officer and Director ​ James Crossen* ​ ​ 47 ​ ​ Chief Financial Officer and Chief Accounting Officer ​ Dylan Foo ​ ​ 43 ​ ​ Chairman of Board of Directors ​ Curtis Morgan ​ ​ 60 ​ ​ Director Nominee ​ David Small ​ ​ 56 ​ ​ Director Nominee ​ Theresa M.H. Wise, Ph.D. ​ ​ 53 ​ ​ Director Nominee ​ ​ * Denotes an executive officer. ​ Geoffrey Strong — Mr. Strong serves as our Chief Executive Officer and Director. He currently serves as the Chief Executive Officer and Chairman of Spartan II and Spartan III, and previously served as a director for Spartan I. Mr. Strong joined Apollo in 2012 and is currently a Senior Partner and Co-Lead of the Firm’s Global Infrastructure and Natural Resources groups. Previously, he worked in the Private Equity and Infrastructure groups at Blackstone, focusing primarily on investments in the energy sector, and prior to that, as a vice president at Morgan Stanley Capital Partners. Mr. Strong serves or has served on the board of directors of various Apollo portfolio companies or affiliates, including: Apex Energy, LLC; AIE Arlington, LLC; AIE Caledonia Holdings, LLC; Caelus Energy Alaska, LLC; Chisholm Oil and Gas, LLC; CPV Fairview LLC; DoublePoint Energy, LLC; Double Eagle Energy Holdings, LLC; Double Eagle Energy Holdings II, LLC; Double Eagle Energy Holdings III, LLC; Freestone Midstream Holdings, LLC; Great Bay Renewables Holdings, LLC; Momentum Minerals, LLC; Momentum Minerals II, LLC; Northwoods Energy LLC; Pipeline Funding Company, LLC; Roundtable Energy Holdings, LLC; Spartan I; Spartan II; Spartan III; Tumbleweed Royalty, LLC; Tumbleweed Royalty II, LLC; US Wind Inc. and Vistra Energy Corp. Mr. Strong holds a Bachelor of Science, summa cum laude, in business administration from Western Oregon University, a juris doctor, cum laude, from Lewis & Clark College, and a Master of Business Administration from the University of Pennsylvania’s Wharton School of Business. Mr. Strong’s extensive experience investing in the energy value chain makes him a valuable addition to our board of directors. James Crossen — Mr. Crossen serves as our Chief Financial Officer and Chief Accounting Officer. Mr. Crossen is the Chief Financial Officer and Chief Accounting Officer of APSG I, APSG II, Spartan II and Spartan III, and is Chief Financial Officer for Private Equity and Real Assets at Apollo, having joined Apollo in 2010. Prior to that time, Mr. Crossen was a Controller at Roundtable Investment Partners LLC. Prior thereto, Mr. Crossen was a Controller at Fortress Investment Group. Prior to that time, Mr. Crossen was a member of the Funds Management and Tax Group at JP Morgan Partners LLC. Mr. Crossen is a Certified Public Accountant in New York. Mr. Crossen served in the United States Marine Corps and graduated summa cum laude from the University of Connecticut. Dylan Foo — Mr. Foo serves as the Chairman of our board of directors. Mr. Foo is a Senior Partner at Apollo and Co-Lead of the Firm’s Global Infrastructure platform, which has historically deployed over $20 billion in infrastructure-related investments. Mr. Foo has 20 years industry experience investing in Asia, UK, Europe and North America, with a particular focus on mid-market assets in transportation, telecommunications and social infrastructure. Mr. Foo currently serves on the board of directors of Thor Parent Holdings, LLC (parent of Parallel Infrastructure). Prior to joining Apollo, Mr. Foo spent over 13 years at AMP Capital, where he served as Partner & Global Head of Direct Investments. Mr. Foo was a member of the Global Infrastructure Investment Committee, overseeing all investing activities. Mr. Foo has previously served on the board of directors of Angel Trains (UK), Everstream, Millennium Parking Garages, Smarte Carte, and ITS ConGlobal. Mr. Foo previously worked at Westpac Bank and Morgan Stanley. Mr. Foo received a Master of Applied Finance from Macquarie University and a Bachelor’s of International Business from Queensland University of Technology. Mr. Foo’s significant experience executing infrastructure transactions across the globe and building infrastructure investment platforms makes him a valuable addition to our board of directors. 111 TABLE OF CONTENTS Curtis Morgan —  Mr. Morgan is our Director Nominee. Since December 2020, Morgan has served as CEO of Vistra Corp., an integrated retail electricity and power generation company, and prior to that as president and CEO since 2016. Prior to joining Vistra, Mr. Morgan was an operating partner at Energy Capital Partners, a private equity firm focused on investing in North America’s energy infrastructure. He joined the firm in 2015 and was involved in all areas of the firm’s investment activities, with a particular emphasis on origination, diligence and portfolio company governance and oversight, across all of Energy Capital’s sectors of investments. During his 35-year career, Mr. Morgan has held leadership responsibilities in nearly every major U.S. power market. Prior to joining Energy Capital, he served as the president and CEO of both EquiPower Resources Corp. and FirstLight Power Resources, Inc. He recently served as a director of Summit Midstream General Partner at Summit Midstream Partners. He has also held leadership positions at NRG Energy, Mirant Corporation, Reliant Energy and BP Amoco. Mr. Morgan serves on the board of directors and is currently chairman of the Electric Power Supply Association, the competitive power generation industry organization, and on the board of Comp-U-Dopt, a non-profit providing technology access and education to underserved youth. He has previously served on the boards of Summit Midstream and Prevent Child Abuse Georgia. A certified public accountant, Mr. Morgan received a Bachelor’s degree in accounting from Western Illinois University and a Master of Business Administration in finance and economics from the University of Chicago. We believe Mr. Morgan’s extensive leadership experience and background make him a well-qualified member of our board of directors. David Small — Mr. Small is our Director Nominee. Mr. Small retired from Verizon Communications after a 31 year career in a number of senior executive roles. Mr. Small was Executive Vice President of Global Field Operations and Assurance from 2016 to 2019, and was responsible for leading 35,000 field construction and operations employees for the Verizon Wireless, Telecom and Business networks across the globe. Prior to this role, Mr. Small was the Executive Vice President and Chief Operating Officer of Verizon Wireless, and was responsible for 58,000 sales, customer service, and field operations employees across the U.S. Prior to this, Mr. Small was Chief Platform Officer of Verizon, Chief Technology Officer of Verizon Wireless, and President of Verizon’s wholesale business. Earlier in his career he had many engineering, marketing, sales, and operational roles at Verizon and predecessor companies. Mr. Small is currently on the board of directors of Hylan, serves as an advisor to private equity firms, and is on the board of KidsPeace – a national charity organization dedicated to serving children. Mr. Small received his Bachelor’s degree in Mechanical Engineering from Purdue University, and his Master of Business Administration from Ball State University. We believe Mr. Small’s experience in building, operating and maintaining large global infrastructure networks, and his experience across various operations, technology and business unit domains make him a well-qualified member of our board of directors. Theresa M. H. Wise, Ph.D. — Dr. Wise is our Director Nominee. Dr. Wise is Chief Executive Officer and principal for Utaza, LLC, an information technology consulting company, a role she has held since 2017. Dr. Wise is the former Senior Vice President and Chief Information Officer of Delta Air Lines, a role she held from 2008 to 2016. Prior to joining Delta, Dr. Wise held a number of positions at Northwest Airlines Corporation, including serving as the company’s Chief Information Officer from 2001 until Northwest Airlines Corporation’s merger with Delta in 2008. Dr. Wise currently serves on the Board of Directors of Viasat, a global communications company, Impinj, a manufacturer of radio-frequency identification devices and software, TCF Financial Corporation, a financial services company Midcontinent Independent System Operator, a non-profit member-based organization that ensures reliable, least-cost delivery of electricity, and St. Olaf College, a not-for-profit where she serves on the Board of Regents, as well as the Executive, Nominating and Governance, and Audit Committees. Dr. Wise received her Bachelor’s degree in Mathematics and Chemistry from St. Olaf College and her doctorate and Master of Science degrees in Applied Math from Cornell University. We believe Dr. Wise’s extensive leadership experience and background in operations and technology make her a well-qualified member of our board of directors. Number and Terms of Office of Officers and Directors We intend to have five directors upon completion of this offering. Our board of directors will be divided into three classes with only one class of directors being elected in each year and each class (except for those directors appointed prior to our first annual meeting of stockholders) serving a three-year term. The term of office of the first class of directors, consisting of Geoffrey Strong and Dylan Foo, will expire at our first annual meeting of stockholders. The term of office of the second class of directors, consisting of           and           , will expire at the second annual meeting of stockholders. The term of office of 112 TABLE OF CONTENTS the third class of directors, consisting of           , will expire at the third annual meeting of stockholders. We may not hold an annual meeting of stockholders until after we consummate our initial business combination. Our officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to appoint persons to the offices set forth in bylaws as it deems appropriate. Our bylaws provide that our officers may consist of a Chairman of the Board, Chief Executive Officer, President, Chief Financial Officer, Vice Presidents, Secretary, Treasurer and such other offices as may be determined by the board of directors. Director Independence The NYSE listing standards require that a majority of our board of directors be independent. An “independent director” is defined generally as a person who has no material relationship with the listed company (either directly or as a partner, stockholder or officer of an organization that has a relationship with the company). We expect to have “independent directors’’ as defined in the NYSE listing standards and applicable SEC rules upon completion of this offering. Our board of directors has determined that each of Curtis Morgan, David Small and Theresa M. H. Wise are “independent directors” as defined in the NYSE listing standards and applicable SEC rules. Our independent directors will have regularly scheduled meetings at which only independent directors are present. Officer and Director Compensation None of our officers or directors has received any cash compensation for services rendered to us. Commencing on the date that our securities are first listed on the NYSE through the earlier of consummation of our initial business combination and our liquidation, we have agreed to pay our sponsor a total of $16,667 per month, for up to 27 months, for office space, utilities, secretarial support and administrative services. In addition, our sponsor, executive officers and directors, or any of their respective affiliates, will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will review on a quarterly basis all payments that were made to Apollo, our sponsor, officers or directors, or our or their affiliates. Any such payments prior to an initial business combination will be made using funds held outside the trust account. Other than quarterly audit committee review of such reimbursements, we do not expect to have any additional controls in place governing our reimbursement payments to our directors and officers for their out-of-pocket expenses incurred in connection with our activities on our behalf in connection with identifying and consummating an initial business combination. In addition, our sponsor, executive officers and directors, or any of their respective affiliates, will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. After the completion of our initial business combination, directors or members of our management team who remain with us may be paid consulting, management or other fees from the combined company. All of these fees will be fully disclosed to stockholders, to the extent then known, in the proxy solicitation or tender offer materials (as applicable) furnished to our stockholders in connection with a proposed business combination. We have not established any limit on the amount of such fees that may be paid by the combined company to our directors or members of management. It is unlikely the amount of such compensation will be known at the time of the proposed business combination, because the directors of the post-combination business will be responsible for determining officer and director compensation. Any compensation to be paid to our officers will be determined, or recommended to the board of directors for determination, either by a compensation committee constituted solely by independent directors or by a majority of the independent directors on our board of directors. We do not intend to take any action to ensure that members of our management team maintain their positions with us after the consummation of our initial business combination, although it is possible that some or all of our officers and directors may negotiate employment or consulting arrangements to remain with us after our initial business combination. The existence or terms of any such employment or consulting arrangements to retain their positions with us may influence our management’s motivation in identifying or selecting a target business but we do not believe that the ability of our management to remain with us after the consummation of our initial business combination will be a determining factor in our decision to 113 TABLE OF CONTENTS proceed with any potential business combination. We are not party to any agreements with our officers and directors that provide for benefits upon termination of employment. Committees of the Board of Directors Upon the effectiveness of the registration statement of which this prospectus forms a part, our board of directors will have three standing committees: an audit committee, a compensation committee and a nominating and corporate governance committee. Subject to phase-in rules and a limited exception, the NYSE rules and Rule 10A of the Exchange Act require that the audit committee of a listed company be comprised solely of independent directors. Subject to phase-in rules and a limited exception, the NYSE rules require that the compensation and nominating and corporate governance committees of a listed company be comprised solely of independent directors. The charter of each committee will be available on our website. Audit Committee Upon the effectiveness of the registration statement of which this prospectus forms a part, we will establish an audit committee of the board of directors. Curtis Morgan, David Small and Theresa M. H. Wise will serve as members of our audit committee. Under the NYSE listing standards and applicable SEC rules, we are required to have at least three members of the audit committee, all of whom must be independent, subject to the exception described below. Each of Curtis Morgan, David Small and Theresa M. H. Wise are independent.            will serve as chair of the audit committee. Each member of the audit committee is financially literate and our board of directors has determined that           qualifies as an “audit committee financial expert” as defined in applicable SEC rules. We will adopt an audit committee charter, which will detail the principal functions of the audit committee, including: • the appointment, compensation, retention, replacement, and oversight of the work of the independent registered public accounting firm and any other independent registered public accounting firm engaged by us; ​ • pre-approving all audit and permitted non-audit services to be provided by the independent registered public accounting firm or any other registered public accounting firm engaged by us, and establishing pre-approval policies and procedures; ​ • reviewing and discussing with the independent registered public accounting firm all relationships the auditors have with us in order to evaluate their continued independence; ​ • setting clear hiring policies for employees or former employees of the independent registered public accounting firm; ​ • setting clear policies for audit partner rotation in compliance with applicable laws and regulations; ​ • obtaining and reviewing a report, at least annually, from the independent registered public accounting firm describing (i) the independent registered public accounting firm’s internal quality-control procedures and (ii) any material issues raised by the most recent internal quality-control review, or peer review, of the audit firm, or by any inquiry or investigation by governmental or professional authorities within the preceding five years respecting one or more independent audits carried out by the firm and any steps taken to deal with such issues; ​ • reviewing and approving any related party transaction required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by the SEC prior to us entering into such transaction; and ​ • reviewing with management, the independent registered public accounting firm, and our legal advisors, as appropriate, any legal, regulatory or compliance matters, including any correspondence with regulators or government agencies and any employee complaints or published reports that raise material issues regarding our financial statements or accounting policies and any significant changes in accounting standards or rules promulgated by the Financial Accounting Standards Board, the SEC or other regulatory authorities. ​ 114 TABLE OF CONTENTS Compensation Committee Prior to the consummation of this offering, we will establish a compensation committee of the board of directors. Curtis Morgan, David Small and Theresa M. H. Wise will serve as members of our compensation committee. Under the NYSE listing standards and applicable SEC rules, we are required to have at least two members of the compensation committee, all of whom must be independent. Each of Curtis Morgan, David Small and Theresa M. H. Wise are independent.           will serve as chair of the compensation committee. We will adopt a compensation committee charter, which will detail the principal functions of the compensation committee,

Institutional Holders

Reporting Date Hedge Fund Shares Held Market Value % of Portfolio Quarterly Change in Shares Ownership in Company
2021-11-16 Schonfeld Strategic Advisors LLC 45,000 $440,000 0.0% 0 0.117%
2021-11-16 Oaktree Capital Management LP 200,000 $1,940,000 0.0% 0 0.518%
2021-11-15 HighTower Advisors LLC 647,814 $6,270,000 0.0% 0 1.677%
2021-11-12 Weiss Asset Management LP 599,677 $5,850,000 0.1% 0 1.553%
2021-11-12 Cohanzick Management LLC 4,610 $45,000 0.0% 0 0.012%

SEC Filings

Form Type Form Description Filing Date Document Link
10-Q FORM 10-Q 2021-11-15 https://www.sec.gov/Archives/edgar/data/1847891/000110465921138275/acro-20210930x10q.htm
8-K FORM 8-K 2021-08-27 https://www.sec.gov/Archives/edgar/data/1847891/000095014221002757/eh210180693_8k-acro.htm
3 OWNERSHIP DOCUMENT 2021-08-25 https://www.sec.gov/Archives/edgar/data/1847891/000095014221002738/xslF345X02/es210179649_3-deason.xml
8-K FORM 8-K 2021-08-25 https://www.sec.gov/Archives/edgar/data/1847891/000095014221002737/eh210179645_8k-acro.htm
10-Q FORM- 10Q 2021-08-23 https://www.sec.gov/Archives/edgar/data/1847891/000110465921108555/acro-20210630x10q.htm
8-K FORM 8-K 2021-08-09 https://www.sec.gov/Archives/edgar/data/1847891/000110465921102127/tm2124343d1_8k.htm
4 OWNERSHIP DOCUMENT 2021-08-04 https://www.sec.gov/Archives/edgar/data/1847891/000110465921100209/xslF345X03/tm2124047-1_4seq1.xml
SC 13G SC 13G 2021-07-23 https://www.sec.gov/Archives/edgar/data/1847891/000110465921095407/tm2123136d1_sc13g.htm
SC 13G ACROPOLIS INFRASTRUCTURE ACQUISITION CORP. 2021-07-23 https://www.sec.gov/Archives/edgar/data/1847891/000090266421003642/p21-1833sc13g.htm
8-K FORM 8-K 2021-07-19 https://www.sec.gov/Archives/edgar/data/1847891/000110465921093499/tm217785d20_8k.htm
4 OWNERSHIP DOCUMENT 2021-07-15 https://www.sec.gov/Archives/edgar/data/1847891/000110465921092646/xslF345X03/tm217785-19_4seq1.xml
8-K FORM 8-K 2021-07-14 https://www.sec.gov/Archives/edgar/data/1847891/000110465921091797/tm217785d18_8k.htm
424B4 424B4 2021-07-09 https://www.sec.gov/Archives/edgar/data/1847891/000110465921090557/tm217785-15_424b4.htm
EFFECT 2021-07-08 https://www.sec.gov/Archives/edgar/data/1847891/999999999521002679/xslEFFECTX01/primary_doc.xml
3 OWNERSHIP DOCUMENT 2021-07-08 https://www.sec.gov/Archives/edgar/data/1847891/000110465921090324/xslF345X02/tm217785-17_3seq1.xml
3 OWNERSHIP DOCUMENT 2021-07-08 https://www.sec.gov/Archives/edgar/data/1847891/000095014221002294/xslF345X02/es210166675_3-foo.xml
3 OWNERSHIP DOCUMENT 2021-07-08 https://www.sec.gov/Archives/edgar/data/1847891/000095014221002293/xslF345X02/es210166674_3-crossen.xml
3 OWNERSHIP DOCUMENT 2021-07-08 https://www.sec.gov/Archives/edgar/data/1847891/000095014221002292/xslF345X02/es210166673_3-strong.xml
3 OWNERSHIP DOCUMENT 2021-07-08 https://www.sec.gov/Archives/edgar/data/1847891/000095014221002291/xslF345X02/es210166672_3-wise.xml
3 OWNERSHIP DOCUMENT 2021-07-08 https://www.sec.gov/Archives/edgar/data/1847891/000095014221002290/xslF345X02/es210166671_3-small.xml
3 OWNERSHIP DOCUMENT 2021-07-08 https://www.sec.gov/Archives/edgar/data/1847891/000095014221002289/xslF345X02/es210166664_3-morgan.xml
CERT NYSE CERTIFICATION 2021-07-07 https://www.sec.gov/Archives/edgar/data/1847891/000087666121001013/ACRO070721.pdf
8-A12B 8-A12B 2021-07-07 https://www.sec.gov/Archives/edgar/data/1847891/000110465921089689/tm217785d16_8a12b.htm
CORRESP 2021-07-06 https://www.sec.gov/Archives/edgar/data/1847891/000095014221002255/filename1.htm
CORRESP 2021-07-06 https://www.sec.gov/Archives/edgar/data/1847891/000095014221002254/filename1.htm
S-1/A S-1/A 2021-07-01 https://www.sec.gov/Archives/edgar/data/1847891/000110465921088279/tm217785-13_s1a.htm
CORRESP 2021-06-21 https://www.sec.gov/Archives/edgar/data/1847891/000110465921083377/filename1.htm
S-1/A S-1/A 2021-06-21 https://www.sec.gov/Archives/edgar/data/1847891/000110465921083376/tm217785-9_s1a.htm
UPLOAD 2021-06-16 https://www.sec.gov/Archives/edgar/data/1847891/000000000021007435/filename1.pdf
S-1/A S-1/A 2021-06-07 https://www.sec.gov/Archives/edgar/data/1847891/000110465921077230/tm217785-6_s1a.htm
CORRESP 2021-06-04 https://www.sec.gov/Archives/edgar/data/1847891/000110465921077231/filename1.htm
UPLOAD 2021-03-26 https://www.sec.gov/Archives/edgar/data/1847891/000000000021003655/filename1.pdf
S-1 S-1 2021-03-17 https://www.sec.gov/Archives/edgar/data/1847891/000110465921037764/tm217785-4_s1.htm
DRS 2021-02-26 https://www.sec.gov/Archives/edgar/data/1847891/000110465921029195/filename1.htm