Apogee Acquisition Corp 8-K

What Happened
Apogee Acquisition Corp announced that on April 8, 2026 it consummated its initial public offering of 17,250,000 units (including full exercise of the underwriters’ over-allotment) and a simultaneous private placement of 470,000 units to its sponsor. Each unit sold for $10.00 and consists of one Class A ordinary share, one redeemable warrant (exercise price $11.50), and one right entitling the holder to one-fifth of a Class A share upon a completed business combination. The Offering generated $172,500,000 in gross proceeds and the Private Placement generated $4,700,000 in gross proceeds. A total of $173,362,500 ($10.05 per unit) of net proceeds, which includes $6,000,000 in deferred underwriting commissions, was placed in a trust account for the benefit of public shareholders (Efficiency INC. is trustee). The company filed an audited balance sheet as of April 8, 2026 reflecting these amounts.

Key Details

• IPO size: 17,250,000 units sold at $10.00 per unit (full over-allotment exercised).
• Private placement: 470,000 units to Apogee Acquisition Sponsor LLC at $10.00 per unit, $4.7M gross.
• Trust funding: $173,362,500 placed in trust ($10.05 per unit); includes $6,000,000 deferred underwriting commissions.
• Unit structure: each unit = 1 Class A share + 1 warrant (exercise $11.50) + 1 right (1/5 of a share on business combination).

Why It Matters
This 8-K confirms the SPAC has completed its capital raise and placed the bulk of proceeds into a trust that secures the public investors’ portion of the IPO funds while the company pursues an initial business combination. The trust amount per unit ($10.05) and the presence of warrants and rights are key for assessing potential dilution and the structure of future shareholder outcomes. The sponsor’s private placement shows founder economic participation; the audited balance sheet provides an official snapshot of the company’s cash and trust position as of the offering date.