Gold ticks up but remains pressured by Fed rate caution, easing trade fears
Apex Treasury Corporation (APXT) priced its initial public offering of 30 million units at $10 per unit, raising $300 million in gross proceeds before underwriter over-allotments, according to a company statement.
Each unit includes one Class A ordinary share and half of one redeemable warrant. Whole warrants allow holders to purchase Class A ordinary shares at $11.50 per share.
Units will begin trading on Nasdaq under ticker symbol "APXTU" on October 28, 2025. Class A ordinary shares and warrants will trade separately under symbols "APXT" and "APXTW" respectively once separate trading begins. The offering is expected to close October 29, 2025.
Apex Treasury is a blank check company formed to pursue mergers, acquisitions or business combinations with other businesses. The company stated it intends to focus initially on opportunities in the digital asset sector.
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, serves as sole book-running manager for the offering.
The Securities and Exchange Commission declared the registration statement for the securities effective under the Securities Act of 1933.