APEX Tech (TRAD) pro forma shows $115.5M in redemption trust

Rhea-AI Filing Summary

APEX Tech Acquisition Inc. presents an unaudited pro forma balance sheet as of April 15, 2026 reflecting its IPO structure and subsequent over-allotment activity. The company previously sold 11,197,131 units at $10.00 per unit, generating gross proceeds of $111,971,310 placed in a trust account.

The underwriters partially exercised their over-allotment, adding 302,869 Option Units at $10.00 per unit and 3,029 additional Private Placement Units. Pro forma entries show increased cash and investments held in the trust account, ordinary shares subject to possible redemption at $10.00 per share, and recognition of related offering costs, fees, and interest earned.

Key Figures

IPO gross proceeds: $111,971,310 Option Units sold: 302,869 units at $10.00 Additional Private Placement Units: 3,029 units at $10.00 +4 more

7 metrics

IPO gross proceeds $111,971,310 11,197,131 units at $10.00 per unit from IPO

Option Units sold 302,869 units at $10.00 Partial exercise of over-allotment option

Additional Private Placement Units 3,029 units at $10.00 Recorded as cash and additional paid-in capital

Cash and investments in Trust (as adjusted) $115,490,807 Cash and investments held in Trust Account as adjusted

Interest earned in Trust $490,807 Interest earned and transferred to temporary equity

Ordinary shares subject to redemption (adjusted) 11,500,000 shares at $10.00 Redemption value per share equals $10.00

Ordinary shares outstanding (non-redeemable) 3,061,283 shares Issued and outstanding, excluding 11,500,000 redeemable shares as adjusted

Key Terms

over-allotment option, Private Placement Units, trust account, ordinary shares subject to possible redemption, +1 more

5 terms

over-allotment option financial

"adjusted for the closing of the underwriters’ over-allotment option and related transactions"

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

Private Placement Units financial

"To record the sale of 3,029 Private Placement Units at $10.00 per Unit"

trust account financial

"was placed in a trust account with Continental Stock Transfer & Trust Company acting as trustee"

A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.

ordinary shares subject to possible redemption financial

"Ordinary shares subject to possible redemption, $0.0001 par value"

additional paid-in capital financial

"Additional paid-in capital ... To record the charge of deferred offering costs to APIC"

Amount of money shareholders have paid to a company for shares that is above the stock’s nominal or par value; think of it as the extra premium paid when a group buys a ticket that has a low listed price. It matters to investors because it represents permanent capital on the balance sheet that can cushion losses, affect book value per share and indicate how much fresh cash equity holders have contributed beyond the minimum share value.

Understanding 8-K Material Events →

 EXHIBIT 99.1

INDEX TO UNAUDITED PRO FORMA FINANCIAL STATEMENT

Unaudited Pro Forma Balance Sheet as of April 15, 2026		F-2
Notes to Unaudited Pro Forma Financial Statement		F-3

F-1

APEX TECH ACQUISITION INC.

UNAUDITED PRO FORMA BALANCE SHEET

April 15, 2026

		February 27, 2026				Pro Forma Adjustments						As Adjusted
						(Unaudited)						(Unaudited)
Assets
Current Assets
Cash		$	584,080			$	(6,000	)	(e)		$		541,938
							30,285		(b)
							(30,285	)	(c)
							(22,642	)	(f)
							(6,000	)	(g)
							(7,500	)	(f)
Prepaid expenses			-				6,000		(g)				6,000
Total Current Assets			584,080				(36,142	)					547,938
Cash and investments held in Trust Account			111,971,310				3,028,690		(a)				115,490,807
							490,807		(d)
Deferred offering costs			-				30,285		(c)				-
							8,000		(e)
							(38,285	)	(h)
Total Assets		$	112,555,390			$	3,483,355				$		116,586,684
Liabilities, Ordinary Shares Subject to Redemption and Shareholders’ Equity
Current Liabilities
Accounts payable and accrued expenses		$	-			$	8,000		(e)		$		9,500
							1,500		(e)
Total Current Liabilities			-				9,500						9,500
Total Liabilities		$	-			$	9,500				$		9,500
Commitments and Contingencies (Note 6)
Ordinary shares subject to possible redemption, $0.0001 par value, 600,000,000 shares authorized, 11,197,131 shares and 11,500,000 shares at redemption value of $10.00 per share, as actual and adjusted, respectively			111,971,310				3,028,690		(a)				115,490,807
							490,807		(d)
Shareholders’ Equity:
Ordinary shares, $0.0001 par value; 600,000,000 shares authorized; 3,058,254 shares and 3,061,283 issued and outstanding (excluding 11,197,131 shares subject to possible redemption)			306				-		(b)				306
Additional paid-in capital			648,491				30,285		(b)				538,132
							(38,285	)	(h)
Accumulated deficit			(64,717	)			(6,000	)	(d)
							(490,807	)	(d)
							490,807		(d)
							(1,500	)	(e)
							(22,642	)	(f)
							(7,500	)	(f)
Total Shareholders’ Equity			584,080				(45,642	)					538,438
Total Liabilities, Ordinary Shares Subject to Redemption and Shareholders’ Equity		$	112,555,390			$	3,483,355				$		116,038,745

The accompany notes are an integral part of the unaudited pro forma financial statement.

F-2

Table of Contents

APEX TECH ACQUISITION INC.

NOTES TO UNAUDITED PRO FORMA FINANCIAL STATEMENT

Note 1 — Closing of Over-allotment Option and Additional Private Placement Units

The accompanying unaudited Pro Forma Balance Sheet presents the Balance Sheet of APEX Tech Acquisition Inc. (the “Company”) as of April 15, 2026, adjusted for the closing of the underwriters’ over-allotment option and related transactions which occurred on April 15, 2026 as described below.

On February 27, 2026, the Company consummated the IPO of 11,197,131 units (the “Units” and, with respect to the shares of ordinary shares included in the Units being offered, the “Public Shares”) including the partial exercise of the over-allotment option of 1,197,131 Units granted to the underwriters. Each Unit consists of one ordinary share and one right to receive of one-fourth (1/4) of one ordinary share upon the completion of the initial Business Combination. The Units were sold at an offering price of $10.00 per unit, generating gross proceeds of $111,971,310. 

The Company granted the underwriters a 45-day option to purchase up to an additional 1,500,000 Units (the “Option Units”) at $10.00 per unit to cover over-allotments, if any, at the IPO price less the underwriting discounts and commissions. The underwriter partially excised its over-allotment option on February 27, 2026.

Following the closing of the IPO on February 27, 2026, an amount of $111,971,310 ($10.00 per Unit) from the net proceeds of the sale of the Units in the IPO and the sale of the Private Units was placed in a trust account with Continental Stock Transfer & Trust Company acting as trustee.  

F-3

Table of Contents

Pro forma adjustments to reflect the sales of the Option Units and additional Private Placement Units described above are as follows:

Pro Forma Entries		Debit				Credit
(a) Cash and investments held in Trust Account		$	3,028,690
Ordinary share subject to possible redemption						$	3,028,690
To record the sale of 302,869 Option Units at $10.00 per Unit
(b) Cash		$	30,285
Ordinary shares						$	-
Additional paid-in capital						$	30,285
To record the sale of 3,029 Private Placement Units at $10.00 per Unit
(c) Deferred offering costs		$	30,285
Cash						$	30,285
To record payment of underwriting commission (1% of sale of Option Units proceeds)
(d) Cash and investments held in Trust Account		$	490,807
Interest earned in investments held in Trust Account						$	490,807
Additional paid-in capital		$	490,807
Ordinary share subject to possible redemption						$	490,807
To record interest earned in Trust Account and to transfer interest income to temporary equity
(e) Deferred offering costs – legal fee		$	8,000
Accounting fee			1,500
Accounts payable and accrued expenses						$	8,000
Accounts payable and accrued expenses						$	1,500
(f) Professional fees		$	22,642
Audit fee			7,500
Cash						$	22,642
Cash							7,500
To record payment of various professional fees
(g) Prepaid expense		$	6,000
Cash						$	6,000
To record advance payment of trust fees
(h) Additional paid-in capital		$	38,285
Deferred offering costs						$	38,285
To record the charge of deferred offering costs to APIC

F-4

FAQ

What does the APEX Tech (TRAD) unaudited pro forma balance sheet show?

The unaudited pro forma balance sheet shows APEX Tech’s financial position after its IPO, partial over-allotment exercise, additional private placement units, related offering costs, and interest earned in the trust account, all as of April 15, 2026.

How much did APEX Tech (TRAD) raise in its IPO units offering?

APEX Tech sold 11,197,131 units at $10.00 per unit, generating gross proceeds of $111,971,310. These proceeds, together with private placement funds, were placed in a trust account following the IPO closing on February 27, 2026.

What is the impact of the over-allotment option on APEX Tech (TRAD)?

The underwriters partially exercised their over-allotment option, leading to the sale of 302,869 Option Units at $10.00 per unit. Pro forma adjustments increase cash and investments held in the trust account and ordinary shares subject to possible redemption at the $10.00 redemption value.

How many APEX Tech (TRAD) shares are subject to possible redemption?

Ordinary shares subject to possible redemption are 11,197,131 shares as actual and 11,500,000 shares as adjusted, each at a redemption value of $10.00 per share, matching the funds held in the trust account for these public shareholders.

What additional private placement units did APEX Tech (TRAD) issue?

APEX Tech issued 3,029 additional Private Placement Units at $10.00 per unit. The related pro forma entry records cash received and an increase in additional paid-in capital, reflecting sponsor-linked capital separate from the public IPO units.

How is interest in the APEX Tech (TRAD) trust account reflected?

Interest of $490,807 earned in the trust account is recorded as an increase to cash and investments held in the trust account, with a corresponding credit to interest income and transfer to temporary equity within ordinary shares subject to possible redemption.

Filing Exhibits & Attachments

6 documents

Press Releases

• EX-99.1 UNAUDITED PRO FORMA BALANCE SHEET 115.1 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 5.6 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.2 KB
• EX-101 XBRL TAXONOMY EXTENSION CALCULATION LINKBASE 901 B
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.8 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 6.1 KB