Apex Tech acquisition opens at $9.98, IPO at $10

Apex Tech acquisition opens at $9.98, IPO at $10

APEX Tech Acquisition Inc. IPO Pricing and Market Debut

APEX Tech Acquisition Inc., a Cayman Islands-based blank check company, successfully priced its $100 million initial public offering (IPO) on February 25, 2026, selling 10,000,000 units at $10.00 per unit. Each unit includes one ordinary share and a right to receive 1/4 of an additional share upon completion of a business combination. The units began trading on the New York Stock Exchange (NYSE) under the ticker "TRADU" on February 26, 2026, with the IPO expected to formally close on February 27, subject to standard conditions.

On its first day of trading, the stock opened at $9.98, slightly below the IPO price, reflecting mixed market sentiment toward special purpose acquisition companies (SPACs) in a cautious trading environment. The ordinary shares and rights are anticipated to trade separately under "TRAD" and "TRADR," respectively, once the units split.

A.G.P./Alliance Global Partners served as the sole book-running manager. The underwriters retain a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments. The company, led by CEO and Chairman Shaoren Liu, previously increased its IPO size from $60 million to $100 million in late 2025, signaling confidence in market conditions.

As a SPAC, APEX Tech Acquisition aims to identify U.S.-based target companies with strong cash flow potential, innovative technology, and experienced management teams. The firm emphasized it operates without industry-specific constraints in its search for acquisition opportunities.

The IPO proceeds will be held in trust until a business combination is finalized. Investors are advised to review the SEC filings, including risk factors outlined in the registration statement (File No. 333-291936), before making investment decisions.

This article is based on publicly available information and does not constitute investment advice.