APEX Tech Acquisition Inc. reported a net loss of $(39,322) for the three months ended Feb. 28, 2026, and a year-to-date net loss of $(47,671) for the six months ended Feb. 28, 2026. Diluted loss per share was $(0.01) for the quarter and $(0.02) for the six-month period as the blank-check company completed its IPO late in the period and continued pre-combination setup activities.
Financial Highlights
- Net income: $(39,322) for the three months ended Feb. 28, 2026; $(47,671) for the six months ended Feb. 28, 2026 (net loss reported).
- Diluted earnings per share: $(0.01) for the three months ended Feb. 28, 2026; $(0.02) for the six months ended Feb. 28, 2026 (basic and diluted).
Business Highlights
- IPO and capital raise: Completed initial public offering on Feb. 27, 2026, raising $111.97M which was placed in a trust to fund an initial business combination.
- Business focus: APEX Tech Acquisition is a blank-check (SPAC) formed to identify and acquire a target; as of the filing no target has been selected and there have been no substantive discussions.
- Operational activity: The company incurred formation and public-company readiness costs, driving a $47.7K year-to-date net loss related to setup activities.
- Liquidity and use of proceeds: Trust funds are invested in short-term U.S. government instruments; proceeds are intended to finance and support target operations following a business combination.
- Going concern and timeline: Management notes substantial doubt if a timely business combination is not completed within the prescribed combination period.
Original SEC Filing:
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