Alpex Acquisition Corporation Announces Closing of $115,000,000 Initial Public Offering, Including Full Exercise of Over-allotment Option

About this update from Stonebridge Acquisition Ii Corporation

NEW YORK, June 26, 2026 (GLOBE NEWSWIRE) -- Alpex Acquisition Corporation (NASDAQ: ALPXU) (the “Company”), a Cayman Islands exempted company, announced today the closing of its initial public offering of 11,500,000 units at $10.00 per unit, which includes the full exercise of the underwriters’ option to purchase an additional 1,500,000 units to cover over-allotments. The gross proceeds from the offering were $115,000,000 before deducting underwriting discounts and estimated offering expenses.  The units are listed on the Nasdaq Global Market (“Nasdaq”) and began trading under the ticker symbol “ALPXU” on June 25, 2026. Each unit consists of one Class A ordinary share, one redeemable warrant, and one right to receive one-fourth of one Class A ordinary share upon consummation of an initial business combination. Each redeemable warrant entitles the holder thereof to purchase one Class A ordinary share at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares, warrants and rights are expected to be listed on Nasdaq under “ALPX,” “ALPXW,” and “ALPXR,” respectively. Concurrently with the closing of the initial public offering, the Company closed a private placement of 187,500 units at a price of $10.00 per unit, resulting in gross proceeds of $1,875,000. The private placement units are identical to the units sold in the initial public offering, subject to certain limited exceptions as described in the final prospectus. D. Boral Capital LLC acted as sole book-running manager of the offering. The Company was represented by Robinson & Cole LLP as its legal counsel, and D. Boral Capital LLC was represented by Rimon, P.C. as its legal counsel. Of the net proceeds received from the consummation of the initial public offering and simultaneous private placement, $115,000,000.00 ($10.00 per unit sold in the public offering) was placed in trust. An audited balance sheet of the Company as of June 26, 2026, reflecting receipt of the proceeds upon the consummation of the initial public offering and the private placement, will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”). A final prospectus relating to and describing the final terms of the offering has been filed with the SEC. The offering i...

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