Hugreat Ltd, sponsor of Alpex (NASDAQ: ALPXU), acquires 187,500 private units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alpex Acquisition Corp’s sponsor Hugreat Ltd reported a purchase of securities tied to 187,500 Private Units. The sponsor acquired these units in a private placement at $10 per Private Unit, each consisting of one Class A ordinary share, one private warrant, and one right to receive one-fourth of one Class A ordinary share.
Following the transaction, Hugreat Ltd holds 187,500 Class A ordinary shares, 187,500 private warrants, and 187,500 private rights. The private warrants are exercisable for Class A shares at $11.50 per share after an initial business combination, and the private rights convert into 46,875 Class A shares upon completion of that business combination. Ms. Ningdi Shi, as sole member and director of Hugreat Ltd, is deemed to have voting and dispositive power over these securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Net Buy
3 txns
Insider
Hugreat Ltd, Shi Ningdi
Role
10% Owner | 10% Owner
Bought
562,500 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Private Warrants | 187,500 | $0.00 | -- |
| Purchase | Private Rights | 187,500 | $0.00 | -- |
| Purchase | Class A Ordinary Shares | 187,500 | $0.00 | -- |
Holdings After Transaction:
Private Warrants — 187,500 shares (Direct);
Private Rights — 187,500 shares (Direct);
Class A Ordinary Shares — 187,500 shares (Direct)
Footnotes (1)
- Hugreat Ltd., a British Virgin Islands company (the "Sponsor"), is the record holder of the securities reported herein. Ms. Ningdi Shi is the sole member and director of the Sponsor, which entitles her to voting, dispositive or investment power over the Sponsor. As such, Ms. Ningdi Shi is deemed to have voting and dispositive rights over the securities of Alpex Acquisition Corporation (the "Issuer") held by the Sponsor. Simultaneously with the consummation of the initial public offering of the Issuer, the Sponsor acquired 187,500 private units (the "Private Units") of the Issuer in a private placement (the "Private Placement") at a purchase price of $10 per Private Unit. Each Private Unit consists of one Class A ordinary share, one redeemable warrant, and one right to receive one-fourth (1/4) of one Class A ordinary share. Represents 187,500 Class A ordinary shares issuable upon exercise of 187,500 private warrants of the Issuer underlying the Private Units acquired by the Sponsor in the Private Placement. Each private warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share. As described in the Warrant Agreement dated June 24, 2026, between the Issuer and Vstock Transfer LLC, which is filed as Exhibit 4.6 to the Issuer's Registration Statement on Form S-1 (File No. 333-294978)(the "Registration Statement"), the private warrants will become exercisable on the later of (i) 30 days after the completion of an initial business combination and (ii) one year from the date that the registration statement is declared effective, and will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation, as described in the Registration Statement. Represents 46,875 Class A ordinary shares of the Issuer issuable upon conversion of 187,500 private rights of the Issuer, each private right of the Issuer entitling the holder to receive one-fourth (1/4) of one Class A ordinary share of the Issuer, underlying the Private Units acquired by the Sponsor in the Private Placement. As described in the Rights Agreement dated June 24, 2026, between the Issuer and VStock Transfer, LLC, which is filed as Exhibit 4.4 of the Registration Statement, each private right of the Issuer will automatically convert into one-fourth (1/4) of one Class A ordinary share of the Issuer upon the completion of the Issuer's initial business combination.
Key Figures
Private Units purchased: 187,500 units
Private Unit price: $10 per unit
Class A shares held: 187,500 shares
+4 more
7 metrics
Private Units purchased
187,500 units
Simultaneous with initial public offering, Private Placement at $10 per unit
Private Unit price
$10 per unit
Purchase price for 187,500 Private Units in Private Placement
Class A shares held
187,500 shares
Class A ordinary shares held by Hugreat Ltd after transaction
Private warrants
187,500 warrants
Each warrant exercisable into one Class A ordinary share
Warrant exercise price
$11.50 per share
Exercise price for private warrants into Class A ordinary shares
Private rights
187,500 rights
Each right converts into one-fourth of a Class A ordinary share
Shares from rights
46,875 shares
Class A ordinary shares issuable upon conversion of private rights
Key Terms
Private Units, private warrants, private rights, initial public offering, +2 more
6 terms
Private Units financial
"the Sponsor acquired 187,500 private units (the "Private Units") of the Issuer in a private placement"
private warrants financial
"Represents 187,500 Class A ordinary shares issuable upon exercise of 187,500 private warrants of the Issuer"
A private warrant is a contract sold directly to selected investors that gives the holder the right to buy a company’s stock at a fixed price in the future. Think of it as a coupon for shares that isn’t offered on public markets: it can provide the company with future cash if exercised but can also dilute existing shareholders by increasing the number of outstanding shares, so investors watch exercise price, expiration and transfer restrictions closely.
private rights financial
"Represents 46,875 Class A ordinary shares of the Issuer issuable upon conversion of 187,500 private rights of the Issuer"
initial public offering financial
"Simultaneously with the consummation of the initial public offering of the Issuer, the Sponsor acquired 187,500 private units"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
initial business combination financial
"the private warrants will become exercisable on the later of 30 days after the completion of an initial business combination"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
Rights Agreement financial
"As described in the Rights Agreement dated June 24, 2026, between the Issuer and VStock Transfer, LLC"
A rights agreement is a contract that grants existing shareholders special rights—commonly the option to buy additional shares at a set price or to trigger protections if a takeover is attempted. Think of it like a neighborhood watch rule that lets current homeowners buy extra lots or lock the gate when an outsider tries to take over the block; it matters to investors because it can dilute or protect share value and influence takeover outcomes.
FAQ
What insider transaction did Hugreat Ltd report for Alpex Acquisition Corp (ALPXU)?
Hugreat Ltd reported buying securities tied to 187,500 Private Units of Alpex Acquisition Corp in a private placement. Each Private Unit includes one Class A share, one private warrant, and one right to receive one-fourth of a Class A share.
What are the terms of the private warrants reported by Hugreat Ltd in ALPXU?
The private warrants entitle Hugreat Ltd to purchase 187,500 Class A ordinary shares at an exercise price of $11.50 per share. They become exercisable after Alpex completes its initial business combination and expire five years after that combination or earlier upon redemption or liquidation.
What is Ms. Ningdi Shi’s relationship to the Hugreat Ltd holdings in ALPXU?
Ms. Ningdi Shi is the sole member and director of Hugreat Ltd, the sponsor of Alpex Acquisition Corp. This position gives her voting, dispositive, and investment power over Hugreat’s holdings, so she is deemed to have beneficial ownership of the reported securities.