Alpex Acquisition Corporation completed its initial public offering of 11,500,000 units at $10.00 per unit, producing gross proceeds of $115,000,000, the company said in a press release. That figure reflects the full exercise of the underwriters' over-allotment option, which covered 1,500,000 additional units.
Trading in the units commenced on the Nasdaq Global Market on June 25, 2026. Each public unit comprises one Class A ordinary share, one redeemable warrant and one right to receive one-fourth of one Class A ordinary share upon the closing of an initial business combination. Each redeemable warrant has an exercise price set at $11.50 per share. The securities are expected to begin trading separately on Nasdaq under the tickers "ALPX" for the Class A ordinary shares, "ALPXW" for the warrants and "ALPXR" for the rights.
Alongside the public offering, the company completed a private placement offering of 187,500 units at $10.00 per unit, bringing in an additional $1,875,000. From the combined proceeds of the public and private placements, a total of $115,000,000, equivalent to $10.00 for each public unit, was deposited in trust.
D. Boral Capital LLC acted as the sole book-running manager for the transaction. Legal counsel for the company was provided by Robinson & Cole LLP, while Rimon, P.C. served as counsel to D. Boral Capital LLC, the book-runner.
Alpex Acquisition is organized as a blank check company incorporated in the Cayman Islands. The entity was formed to pursue a merger, asset acquisition or similar business combination. The company has not placed limits on the industries or geographic regions in which it may seek a target.
This offering structure - public units combining shares, warrants and rights, a concurrent private placement, and placement of proceeds into trust - reflects the mechanics commonly used by blank check companies to preserve capital raised until a business combination is completed, as described in the company's disclosure. The warrants' $11.50 exercise price and the plan to trade the component securities separately will determine how investors can access the equity and options embedded in the units following separation on Nasdaq.