Apex Treasury (APXT) to acquire TECfusions in $4B all-stock SPAC merger

Apex Treasury Corp

Deal values TECfusions at $4.0B; TECfusions is an AI infrastructure company building next-gen data centers.
SPAC shareholders to receive 400M new shares at $10.00/share; combined co. to trade as TECF on Nasdaq.
PIPE investment of $35M from institutional investor at $10.00/share; includes price protection mechanism.
Sponsor to forfeit up to 3.15M Class B shares based on redemptions and PIPE; lock-up of 6 months.
Closing expected by March 31, 2027; subject to shareholder approvals, HSR, and Nasdaq listing.

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