Acropolis Infrastructure Acquisition (ACRO) - 2021 Q2 - Quarterly Report

Financial Position - The company had cash of $25,000 and a working capital deficit of$1,180,487 as of June 30, 2021[93]. - The company does not have any long-term debt or off-balance sheet arrangements as of June 30, 2021[99][100]. Initial Public Offering - The company closed its Initial Public Offering of 30,000,000 Units at $10.00 per Unit, generating gross proceeds of$300 million[93]. - The company generated gross proceeds of $353.8 million from the Initial Public Offering and the exercise of the underwriters' over-allotment option[96]. - The underwriters are entitled to a deferred fee of$12,075,000, which will be waived if the Initial Business Combination is not completed[102]. Operational Status - The company has not engaged in any operations or generated any revenues to date[92]. - The company expects to continue incurring significant costs in pursuit of its acquisition plans[91]. Financing Needs - The company may need to obtain additional financing to complete its Initial Business Combination if necessary[98]. - The company has invested the net proceeds from the Initial Public Offering in U.S. government treasury bills and money market funds[109]. Administrative Expenses - The company incurred a monthly fee of $16,667 for office space and administrative services starting July 9, 2021[100].