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
Stated deal value
$316M
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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