APEX Tech Acquisition Inc. 8-K
Research Summary
AI-generated summary
APEX Tech Acquisition Inc. Completes IPO, Exercises Over-Allotment
What Happened
APEX Tech Acquisition Inc. announced it consummated its initial public offering (IPO) of 11,197,131 units at $10.00 per unit, generating $111,971,310 in gross proceeds. On April 10, 2026 the underwriters exercised the over‑allotment option in full for an additional 302,869 units (closing April 15, 2026), adding $3,028,690. Simultaneously the company completed a private placement of 3,029 units to APEX INNOVATION ACQUISITION CORP. for $30,285. An unaudited pro forma balance sheet as of April 15, 2026 reflecting the over‑allotment closing is attached to the 8‑K.
Key Details
- IPO units sold: 11,197,131 units at $10.00 each — gross proceeds $111,971,310.
- Over‑allotment: 302,869 additional units at $10.00 each — gross proceeds $3,028,690 (exercise notified April 10, 2026; closed April 15, 2026).
- Private placement: 3,029 units to APEX INNOVATION ACQUISITION CORP. at $10.00 each — $30,285.
- Filing includes an unaudited pro forma balance sheet as of April 15, 2026 reflecting receipt of these proceeds.
Why It Matters
The company has completed its capital raise via IPO and the full exercise of the over‑allotment, bringing total gross proceeds of roughly $115.0 million (including the private placement). The attached pro forma balance sheet shows how these funds are reflected on the company’s financial position, which is material for investors tracking available cash and the company’s ability to pursue its stated business objectives.
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