APEX Tech Acquisition Inc. has set the terms of its initial public offering, selling 10 million units at a price of $10.00 per unit for gross proceeds of $100 million. The company, described as a blank check entity incorporated in the Cayman Islands, packaged each unit to include one ordinary share and one right to receive one-fourth of an ordinary share upon the closing of a qualifying business combination.
The newly issued units are scheduled to begin trading on the New York Stock Exchange under the ticker symbol "TRADU" on February 26, 2026. The offering is expected to finalize on February 27, 2026, subject to customary closing conditions associated with public offerings and settlement procedures. Following the planned separation of the bundled securities into their component parts, the ordinary shares and the rights will trade under the symbols "TRAD" and "TRADR," respectively.
A.G.P./Alliance Global Partners served as the sole book-running manager for the IPO. In connection with the offering, the company granted the underwriters a 45-day option to purchase up to 1.5 million additional units at the IPO price, less underwriting discounts and commissions, to cover potential over-allotments that may arise in the distribution process.
The Securities and Exchange Commission declared APEX Tech Acquisition's registration statement on Form S-1 effective on February 25, 2026, clearing a key regulatory step for the offering. The company has stated it will pursue a target business for a merger, share exchange, asset acquisition or a similar business combination - and that it is not limiting searches to any particular industry.
The structure and timetable announced by the company define the immediate capital markets path for APEX Tech Acquisition: initial unit trading, near-term closing of the IPO, and a subsequent period in which the bundled securities are to trade separately. The combination rights tied to each unit reflect a common SPAC-style arrangement in which partial post-combination equity is delivered to unit holders upon completion of a qualifying transaction.
As presented in the company's filing and related announcements, the transaction details are straightforward: number of units, price per unit, listing schedule and the underwriter's over-allotment option, along with the company's stated mandate to seek a target across industries. Several of these items - including the effectiveness of the Form S-1 and the standard closing conditions - will determine the timing and completion of the offering and the next steps toward a business combination.