Athlon Acquisition Corp. (SWETU) Prices Upsized $240M IPO

Athlon Acquisition Corp. announced the pricing of its upsized $240 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “SWETU” Tuesday, January 12.

The new company aims to combine with a business in the health, wellness and fitness sectors that has technology driving growth within these verticals. Athlon is led by CEO Chris Hickey, CFO David Poltack and Executive Chairman Mark Wan.

Total SPAC deal count for 2021 year-to-date is now 33 with $8.1 billion in gross proceeds raised. This offering is expected to close on Thursday, January 14.

Jefferies LLC is acting as the sole book-running manager for the offering. Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.