Sponsor for Apex Treasury (APXT) shifts 30,000 Class B shares
Rhea-AI Filing Summary
Apex Treasury Sponsor LLC, a major shareholder and director affiliate of Apex Treasury Corp, reported an internal restructuring transaction involving 30,000 Class B Ordinary Shares. On March 13, 2026, the Sponsor transferred these shares to Stephen CuUnjieng at the same price it originally paid, $0.003 per share. After this transfer, the Sponsor held 11,120,000 Class B Ordinary Shares. These Class B shares are automatically convertible into Class A Ordinary Shares on a one-for-one basis in connection with the company’s initial business combination or earlier at the holder’s option. Co-Chief Executive Officers Hugh Cochrane and Ajmal Rahman are managing members of the Sponsor and may be deemed beneficial owners of the Sponsor’s holdings, but each disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Ordinary Shares | 30,000 | $0.00 | -- |
Footnotes (1)
- The Class B Ordinary Shares are automatically convertible into the Issuer's Class A Ordinary Shares at the time of the Issuer's initial business combination, or earlier at the option of the holder thereof, on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date, as described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-289485). On March 13, 2026, Apex Treasury Sponsor LLC (the "Sponsor") transferred 30,000 Class B Ordinary Shares of the Issuer to Stephen CuUnjieng for the same per-share price it paid for such shares, or $0.003 per share. The Sponsor is the record holder of the securities reported herein. Hugh Cochrane and Ajmal Rahman are the managing members of the Sponsor. Each of Messrs. Cochrane and Rahman has voting and investment discretion with respect to the securities held of record by the Sponsor. As such, each of Messrs. Cochrane and Rahman may be deemed to have beneficial ownership of the securities held directly by the Sponsor. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly..