Special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination.
Apollo Strategic Growth Capital II is a company that operates without significant operations, focusing instead on identifying and executing strategic business combinations. Incorporated in 2008 and headquartered in New York, New York, the firm was previously known as APH I (Sub I), Ltd. before rebranding itself as Apollo Strategic Growth Capital II in December 2020.
The primary objective of Apollo Strategic Growth Capital II is to leverage its financial resources and expertise to effect mergers, share exchanges, asset acquisitions, share purchases, recapitalizations, reorganizations, or other similar transactions with one or more businesses or entities. This approach positions the company as a blank check or special purpose acquisition company (SPAC), actively seeking opportunities to combine with promising businesses across various sectors.
As a SPAC, Apollo Strategic Growth Capital II plays a crucial role in the capital markets by providing a vehicle for companies looking to go public or seeking liquidity through a merger. With a focus on strategic growth and value creation, the company aims to identify opportunities that offer synergies and growth potential, thereby enhancing shareholder value and participating in the evolution of dynamic industries.