Ticker Launch

SPAC · Merger completed

PowerUp Acquisition Corp.

Business combination with Aspire Biopharma, Inc.

PowerUp Acquisition Corp. is a blank-check company (SPAC) that raised $250M in its initial public offering on Feb 22, 2022, listing on Nasdaq Global Market. It completed its business combination with Aspire Biopharma, Inc. on Feb 17, 2025; the combined company is Aspire Biopharma Holdings, Inc. (ASBP). Fast Company led the IPO, with Altimar Acquisition. McDermott Will & Emery advised the SPAC and Proskauer Rose advised the underwriters on the IPO.

Status
Merger completed
IPO date
Feb 22, 2022
IPO size
$250M
IPO exchange
Nasdaq Global Market
Target
Aspire Biopharma, Inc.
Announced
Sep 6, 2024
Closed
Feb 17, 2025
Combined company
Aspire Biopharma Holdings, Inc. (ASBP)
IPO underwriters
Fast Company and Altimar Acquisition
SPAC counsel (IPO)
McDermott Will & Emery and Maples and Calder
Underwriters' counsel (IPO)
Proskauer Rose

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