APEX Tech Acquisition Inc. Prices $100 Million Initial Public Offering

Rhea-AI Summary

APEX Tech Acquisition (NYSE:TRADU) priced a $100.0 million IPO of 10,000,000 units at $10.00 per unit, each unit consisting of one ordinary share and one right to receive one-fourth (1/4) of one ordinary share upon consummation of an initial business combination.

The units are expected to begin trading on NYSE under TRADU on February 26, 2026, and the offering is expected to close on February 27, 2026, subject to customary closing conditions. The underwriter received a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments.

Positive

• IPO proceeds of $100.0 million from 10,000,000 units
• NYSE listing under ticker TRADU beginning February 26, 2026
• 15% over-allotment option (1,500,000 units) available to underwriters

Negative

• Each unit includes a right to 0.25 share on a business combination, creating potential future dilution
• Over-allotment exercise could increase shares sold by 15%, further diluting holders

New York, New York, Feb. 25, 2026 (GLOBE NEWSWIRE) --  APEX Tech Acquisition Inc., a blank check company incorporated in the Cayman Islands as an exempted company (the “Company”), today announced the pricing of its initial public offering (“IPO”) of 10,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one ordinary share and one right to receive one-fourth (1/4) of one ordinary share upon the consummation of an initial business combination. The units are expected to trade on The New York Stock Exchange (“NYSE”) under the ticker symbol “TRADU” beginning February 26, 2026. The Company expects the IPO to close on February 27, 2026, subject to customary closing conditions. Once the securities comprising the units begin separate trading, the ordinary shares and the rights are expected to be traded on NYSE under the symbols “TRAD” and “TRADR,” respectively.

A.G.P./Alliance Global Partners is acting as the sole book-running manager for the offering.

The Company has granted the underwriters a 45-day option to purchase up to 1,500,000 units at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments, if any.

A registration statement on Form S-1 relating to the securities, as amended (File No. 333-291936) was previously filed with the Securities and Exchange Commission ("SEC") and declared effective on February 25, 2026. This offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the prospectus may be obtained on the SEC’s website at http://www.sec.gov. Electronic copies of the prospectus may be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. No securities regulatory authority has either approved or disapproved of the contents of this press release.

About APEX Tech Acquisition Inc.

The Company is a blank check company incorporated in the Cayman Islands as an exempted company with limited liability for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company intends to conduct a search for target businesses without being limited to a particular industry.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the IPO and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or 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 and preliminary prospectus for the IPO 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:
APEX Tech Acquisition Inc.
Attn: Shaoren Liu
E-mail: shaoren@apextech-inc.com

FAQ

What did APEX Tech Acquisition (TRADU) price its IPO at and how many units were offered?

APEX Tech Acquisition priced the IPO at $10.00 per unit for 10,000,000 units. According to the company, each unit consists of one ordinary share plus a right to 0.25 share upon a qualifying business combination.

When will APEX Tech Acquisition (TRADU) begin trading on the NYSE?

The units are expected to begin trading on NYSE under TRADU on February 26, 2026. According to the company, ordinary shares and rights will trade separately as TRAD and TRADR after separation.

How much capital will APEX Tech Acquisition raise from the IPO before any over-allotment?

The IPO is expected to raise $100.0 million from the sale of 10,000,000 units at $10.00 each. According to the company, closing is expected on February 27, 2026, subject to customary conditions.

What is the underwriter over-allotment option for APEX Tech Acquisition's IPO (TRADU)?

The underwriters have a 45-day option to purchase up to 1,500,000 units at the IPO price to cover over-allotments. According to the company, that represents a 15% increase over the base offering.

What do the rights included in each TRADU unit entitle holders to after a business combination?

Each right entitles the holder to receive one-fourth (0.25) of one ordinary share upon the consummation of an initial business combination. According to the company, rights convert only upon completion of that transaction.

Where can investors obtain the APEX Tech Acquisition prospectus and registration details for TRADU?

Investors can obtain the prospectus via the SEC website or from A.G.P./Alliance Global Partners by phone or email. According to the company, the related registration statement (File No. 333-291936) was declared effective February 25, 2026.