Apex Treasury Corporation prices its IPO at $10 per unit, raising $300 million to pursue business combinations, focusing on digital assets.
Quiver AI Summary
Apex Treasury Corporation has announced the pricing of its upsized initial public offering (IPO) of 30 million units at $10.00 per unit, which is expected to generate $300 million in gross proceeds before underwriters' options. Each unit includes one Class A ordinary share and half of one redeemable warrant, with full warrants allowing the purchase of shares at $11.50 each. The units will begin trading on Nasdaq under the ticker symbol “APXTU” on October 28, 2025, with the offering anticipated to close on October 29, 2025, pending customary conditions. While the company can pursue business combinations across various sectors, it will initially focus on the digital asset sector. Cohen & Company Capital Markets is the sole manager for the offering, and interested parties can obtain the related prospectus from them. The release includes forward-looking statements regarding the use of IPO proceeds and the business combination search but includes a caution note about the uncertainties involved.
Potential Positives
- Apex Treasury Corporation successfully priced its upsized initial public offering at $10.00 per unit, raising significant capital of $300,000,000, which will support future business combinations.
- The units of the offering are set to begin trading on the Nasdaq Global Market, enhancing the company’s visibility and access to a broader investor base.
- The initial public offering allows Apex Treasury Corporation to pursue opportunities specifically in the digital asset sector, indicating a focused growth strategy in a rapidly evolving market.
Potential Negatives
- The initial public offering (IPO) may indicate a lack of established business operations, as the company is a blank check entity without a defined business plan beyond seeking acquisitions.
- The dependence on the digital asset sector may pose significant risks given the volatility and regulatory uncertainties associated with that market.
- Forward-looking statements highlight the uncertainty of the IPO's completion and the availability of proceeds for intended uses, which could negatively affect investor confidence.
FAQ
What is the initial public offering price for Apex Treasury Corporation?
The initial public offering price for Apex Treasury Corporation is $10.00 per unit.
How many units are being offered in the IPO?
Apex Treasury Corporation is offering a total of 30,000,000 units in its IPO.
When will Apex Treasury Corporation's units start trading on Nasdaq?
The units are expected to begin trading on Nasdaq on October 28, 2025.
What ticker symbols will be used for Apex Treasury’s shares and warrants?
The shares will trade under "APXT" and the warrants under "APXTW" on Nasdaq.
What industry will Apex Treasury primarily focus on for its business combination?
Apex Treasury intends to primarily focus on opportunities in the digital asset sector.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
NEW YORK, NEW YORK, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Apex Treasury Corporation (Nasdaq: APXT) (the “Company”) today announced the pricing of its upsized initial public offering of 30,000,000 units at a public offering price of $10.00 per unit, for aggregate gross proceeds of $300,000,000, before the exercise of the underwriters’ over-allotment option.
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 at a price of $11.50 per share.
The units are expected to begin trading on The Nasdaq Global Market (“Nasdaq”) under the ticker symbol “APXTU” on Tuesday, October 28, 2025. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “APXT” and “APXTW”, respectively.
The offering is expected to close on October 29, 2025, subject to customary closing conditions.
Apex Treasury Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. While the Company may pursue an initial business combination in any sector or geographic region, it intends initially to focus on opportunities in the digital asset sector.
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC is acting as the sole book-running manager for the offering.
A registration statement relating to these securities has become effective pursuant to Section 8(a) of the Securities Act of 1933, as amended. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at [email protected] .
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated use of the net proceeds of the initial public offering and the Company’s search for an initial business combination. No assurance can be given that the offering will be completed on the terms described, or at all, or that the proceeds will be used as indicated. Forward-looking statements are subject to numerous risks and uncertainties, many of which are beyond the control of the Company, as described in the “Risk Factors” section of the Company’s registration statement for the initial public offering filed with the SEC and available on the SEC’s website at www.sec.gov . The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law.
Contact
Ajmal Rahman
Chairman and Co-Chief Executive Officer
Apex Treasury Corporation
[email protected]
