Apex Treasury Corporation Announces Closing of Upsized $344.7 Million Initial Public Offering Including Exercise of Underwriters’ Over-Allotment Option

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[{"type":"text","content":"NEW YORK, NEW YORK, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Apex Treasury Corporation (Nasdaq: APXTU) (the “Company”) today announced the closing of its upsized initial public offering of 34,470,000 units, which includes 4,470,000 units issued pursuant to the exercise by the underwriters of their over-allotment option, at a public offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. The units are listed on The Nasdaq Global Market (“Nasdaq”) and commenced trading under the ticker symbol “APXTU” on 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. Concurrently with the closing of the initial public offering, the Company closed on a private placement of 8,894,000 warrants at a price of $1.00 per warrant, resulting in gross proceeds of $8,894,000. Apex Treasury Sponsor LLC, the Company’s sponsor, purchased 5,447,000 of the private placement warrants and Cohen & Company Capital Markets purchased 3,447,000 of the private placement warrants. Each private placement warrant is exercisable to purchase one Class A ordinary share at $11.50 per share. Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $344,700,000 (or $10.00 per unit sold in the public offering) was placed in trust. 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, acted as the sole book-running manager of 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 the solicitation of an offer to ...

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