APEX Tech Acquisition Inc. 8-K

What Happened

• APEX Tech Acquisition Inc. announced it consummated its initial public offering of 11,197,131 units (including partial exercise of the underwriters’ over-allotment). Each unit includes one ordinary share and one right to receive 1/4 of a share upon an initial business combination.
• The Public Units were sold at $10.00 each for gross proceeds of $111,971,310. Simultaneously, the Sponsor purchased 208,971 private units at $10.00 each (private placement) for $2,089,710.
• As of February 27, 2026, the filing states $111,971,310 of the net proceeds from the IPO and private placement were deposited in a trust account for the benefit of public shareholders. The company included an audited balance sheet dated February 27, 2026 as Exhibit 99.1.

Key Details

• IPO units sold: 11,197,131 (includes partial over-allotment).
• Public offering price: $10.00 per unit; gross public offering proceeds: $111,971,310.
• Sponsor private placement: 208,971 units at $10.00 each; proceeds $2,089,710.
• Trust deposit reported as of Feb 27, 2026: $111,971,310; audited balance sheet included as Exhibit 99.1.

Why It Matters

• The filing confirms the company is now public and has substantial cash placed in a trust account, a standard structure for special purpose acquisition companies (SPACs) to preserve IPO proceeds pending a business combination.
• Investors should note the amount held in trust and the existence of sponsor private units—both are relevant to capitalization and potential dilution at the time of a future merger or business combination. The audited balance sheet provides a verified snapshot of cash and related items as of Feb 27, 2026.