Rhea-AI Summary
Apex Critical Metals (APXC) closed its U.S. public offering and began trading on the Nasdaq Capital Market on October 23, 2026.
The offering comprised 400,000 American Depositary Shares (ADSs) at US$4.65 each, with each ADS representing six common shares. Gross proceeds were US$1.86 million before underwriting discounts, commissions and offering expenses. Apex granted the underwriter a 45-day option to purchase up to 60,000 additional ADSs at the offering price, less underwriting discounts and commissions. The company intends to use net proceeds for working capital and general corporate purposes, including its ongoing drill program at the Rift Rare Earth Project.
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