Apex Treasury closes $344.7 million IPO with overallotment option

Apex Treasury Corporation (NASDAQ: APXTU) completed its initial public offering on October 29, 2025, raising $344.7 million through the sale of 34.47 million units at $10 per unit. The offering included 4.47 million units from the underwriters' over-allotment option exercise.

Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Whole warrants are exercisable to purchase Class A ordinary shares at $11.50 per share.

The units began trading on Nasdaq under ticker symbol "APXTU" on October 28, 2025. The Class A ordinary shares and warrants are expected to trade separately under symbols "APXT" and "APXTW" respectively once separate trading begins.

Concurrent with the IPO closing, the company completed a private placement of 8.89 million warrants at $1 per warrant, generating $8.89 million in gross proceeds. Apex Treasury Sponsor LLC purchased 5.45 million of these warrants, while Cohen & Company Capital Markets bought 3.45 million warrants. These private placement warrants are exercisable at $11.50 per share.

The company placed $344.7 million from the combined offerings into a trust account, representing $10 per unit sold in the public offering.

Apex Treasury Corporation is a special purpose acquisition company formed to pursue mergers, acquisitions, or similar business combinations. The company stated it intends to focus initially on opportunities in the digital asset sector.

Cohen & Company Capital Markets served as the sole book-running manager for the offering. The information is based on a company press release statement.

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