Apex Treasury Corporation Announces Closing of Upsized $344.7 Million Initial Public Offering Including Exercise of Underwriters’ Over-Allotment Option
Rhea-AI Summary
Apex Treasury Corporation (Nasdaq: APXTU) closed an upsized initial public offering on October 29, 2025, selling 34,470,000 units at $10.00 per unit (including a 4,470,000-unit overallotment exercise) for total gross proceeds of $344.7 million. Each unit contains one Class A ordinary share and one-half warrant; each whole warrant is exercisable at $11.50. The units began trading on Nasdaq under APXTU on October 28, 2025; shares and warrants are expected to trade separately as APXT and APXTW. Concurrently, the company completed a private placement of 8,894,000 warrants for $1.00 each, and placed the offering proceeds of $344,700,000 in trust. The company intends to pursue a business combination with an initial focus on the digital asset sector.
Positive
- $344.7M raised and placed in trust
- Upsized offering: 4,470,000 overallotment units exercised
- Concurrent private placement raised $8.894M
- Nasdaq listing commenced under APXTU on Oct 28, 2025
Negative
- Public warrants from units: 17,235,000 outstanding (34,470,000 units × 0.5)
- Private warrants issued: 8,894,000, total warrants 26,129,000
- Concentration risk: initial focus on the digital asset sector
News Market Reaction
On the day this news was published, APXTU gained 0.40%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
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
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 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 was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination and the anticipated use of the net proceeds of the initial public offering and simultaneous private placement. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact
Ajmal Rahman
Chairman and Co-Chief Executive Officer
Apex Treasury Corporation
ajmal@apextreasurycorp.com
FAQ
How much did Apex Treasury (APXTU) raise in its initial public offering on October 29, 2025?
How many units and at what price did Apex Treasury (APXTU) sell in the IPO?
What are the warrant terms for Apex Treasury (APXTU) public and private warrants?
When did Apex Treasury units begin trading on Nasdaq and what are the expected separate tickers?
Who purchased the private placement warrants in Apex Treasury's offering?
What sector will Apex Treasury (APXTU) initially target for its business combination?
