APEX Tech Acquisition Inc. 8-K

What Happened

• APEX Tech Acquisition Inc. reported that its Form S-1 was declared effective by the SEC on February 25, 2026 and the company completed its initial public offering (IPO) in late February 2026. The IPO sold 11,197,131 units (including 1,197,131 units from the over‑allotment option) at $10.00 per unit, generating gross proceeds of $111,971,310. Each unit consists of one ordinary share and a right to receive 1/4 of an ordinary share upon the company’s initial business combination.
• In connection with the offering the company entered into customary IPO agreements (underwriting, rights, registration‑rights, trust and related agreements) and completed a sponsor private placement of 208,971 units at $10.00 per unit for $2,089,710. As of February 27, 2026, $111,971,310 of net proceeds were deposited in a trust account for public shareholders (Continental Stock Transfer & Trust Company acting as trustee). An audited balance sheet reflecting receipt of proceeds will be filed within four business days.

Key Details

• IPO: 11,197,131 units sold at $10.00 each; gross proceeds $111,971,310.
• Private placement: Sponsor bought 208,971 units at $10; proceeds $2,089,710. Sponsor agreed to transfer restrictions and was granted certain registration rights.
• Governance: Effective February 25, 2026, Zengwei Gao, Jiancheng Li and Zheng Zeng were appointed directors; all three are independent under NYSE standards. Zheng Zeng is designated an “audit committee financial expert” and chairs the audit committee.
• Corporate charter: The company adopted its Second Amended and Restated Memorandum and Articles of Association effective February 25, 2026.

Why It Matters

• The company is now publicly listed and has placed IPO proceeds into a trust account, meaning funds are secured and will be available to pursue a business combination consistent with the SPAC structure.
• Sponsor ownership and the private units, plus registration‑rights and transfer restrictions, affect potential future share supply and timing of any secondary sales.
• Board appointments establish independent oversight and an audit‑committee expert, which are relevant to governance and investor protections as the company searches for a target.
• An audited balance sheet will be filed shortly, providing formal financial confirmation of proceeds and the trust balance.