Appleby Advises AMR Resources Acquisition Corp In Its USD267M Initial Public Offering.

Appleby is pleased to announce that it acted as Cayman Islands legal counsel to AMR Resources Acquisition Corp (AMR), in connection to its initial public offering of 26,000,000 units at $10.00 per unit, and the issuance of 1,000,000 units as result of the underwriter’s partial exercise of its over-allotment option. The gross proceeds from the offering were $267 million before deducting underwriting discounts and estimated offering expenses. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share of AMR at a price of $11.50 per share. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.