M&A
confidence high
sentiment positive
materiality 0.90
AvePoint completes de-SPAC merger with Apex Technology, begins trading on Nasdaq
AvePoint, Inc.
- Post-merger AvePoint has 180,272,767 common shares outstanding and 17,905,000 warrants at $11.50 strike.
- Concurrent PIPE: 14,000,000 shares at $10/share, raising $140M.
- Only 17,372 Apex shares ($174,582) redeemed (0.05%), indicating strong holder support.
- Lock-up agreements cover ~100M shares; HSBC $30M revolving credit (undrawn) amended & assigned.