other material
confidence high
sentiment neutral
materiality 0.85
Apex Treasury closes $344.7M SPAC IPO, trust funded, targets digital assets
Apex Treasury Corp
- Upsized IPO of 34.47M units at $10/unit raised $344.7M; includes 4.47M over-allotment exercise.
- Private placement of 8.894M warrants at $1 each raised $8.894M; sponsor bought 5.447M, underwriter 3.447M.
- Trust account funded with $344.7M ($10/unit); must complete initial business combination within 24 months.
- Focus on digital asset sector for initial business combination.
- Appointed William Mann, David Mikulecky, Betty Liu as independent directors; board classified into three classes.