other material
confidence high
sentiment neutral
materiality 0.50
Apex Treasury SPAC completes $344.7M IPO, $8.9M private placement
Apex Treasury Corp
- Gross proceeds from IPO of 34.47M units at $10.00 per unit: $344.7M.
- Private sale of 8.894M warrants at $1.00 each to sponsor and underwriter rep, gross $8.894M.
- $344.7M deposited in trust account ($10.00 per public share).
- Audited balance sheet shows cash $1.7M, total assets $346.4M, shareholders' deficit $12.6M.
- Must complete initial business combination within 24 months (may extend to 36).