Appleby Advised Apex Treasury Corporation on Its USD 344.7M Initial Public Offering
Appleby is pleased to announce that it acted as Cayman Islands legal counsel to Apex Treasury Corporation, in connection with
Appleby Advised Apex Treasury Corporation on Its USD 344.7M Initial Public Offering
Appleby is pleased to announce that it acted as Cayman Islands legal counsel to Apex Treasury Corporation (Apex), in connection with the closing of its initial public offering of 34,470,000 units at $10.00 per unit, generating gross proceeds of $344,700,000.
Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share. The offering included the issuance of 4,470,000 units as a result of the underwriters’ partial exercise of their over-allotment option.
Apex’s securities are listed on the Nasdaq Stock Market LLC under the symbols “APXTU” (units), “APXT” (Class A ordinary shares), and “APXTW” (warrants).
Appleby advised on the Cayman Islands legal aspects of the transaction, drawing on the firm’s strong track record in SPAC IPOs and capital markets regulation.
Appleby continues to play a key role in major SPAC and public-market matters worldwide.
The Appleby team was led by Alexandra Low (Counsel), with Simon Raftopoulos (Partner), Sophia Cunningham (Paralegal) and other members of the corporate team.
If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.