Apex Treasury Corporation Announces Closing of Upsized $344.7 Million Initial Public Offering Including Exercise of Underwriters’ Over-Allotment Option

Core Points - Apex Treasury Corporation has successfully closed its upsized initial public offering (IPO) of 34,470,000 units at a public offering price of $10.00 per unit, which includes 4,470,000 units from the underwriters' over-allotment option [1] - Each unit consists of one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 [1] - The units began trading on The Nasdaq Global Market under the ticker symbol "APXTU" on October 28, 2025, with separate trading expected for Class A ordinary shares and warrants under the symbols "APXT" and "APXTW" respectively [2] - Concurrently, the company closed a private placement of 8,894,000 warrants at $1.00 per warrant, generating gross proceeds of $8,894,000, with a total of $344,700,000 placed in trust from the IPO and private placement [3] - Apex Treasury Corporation is a blank check company aimed at effecting a merger or similar business combination, initially focusing on opportunities in the digital asset sector [4] - Cohen & Company Capital Markets acted as the sole book-running manager for the offering [5]