Company: APXT
Filing Date: 2025-12-05
Form Type: 10-Q
Source: 0001213900-25-118842
Chunk: 74

Company: Apex Treasury Corp
Filing Date: 2025-12-05
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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. Based on the foregoing, our
Certifying Officers concluded that our disclosure controls and procedures were effective as of the end of the quarterly period ended September
30, 2025.

Changes in Internal Control over Financial
Reporting

There was no change in our internal control over
financial reporting that occurred during the fiscal quarter covered by this Quarterly Report that has materially affected, or is reasonably
likely to materially affect, our internal control over financial reporting.

18

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

None

Item 1A. Risk Factors

Factors that could cause our actual results to
differ materially from those in this report include the risk factors described in our final prospectus for our Initial public offering
filed with the SEC. As of the date of this Quarterly Report, there have been no material changes to the risk factors disclosed in our
final prospectus for our initial public offering filed with the SEC.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

There were no sales of unregistered securities
during the quarterly period covered by this Quarterly Report. Subsequent to the quarterly period covered by this Quarterly Report, on
October 29, 2025, we consummated the Initial Public Offering of 34,470,000 Units, which includes the partial exercise by the underwriters
of their over-allotment option in the amount of 4,470,000 Units, at $10.00 per Unit, generating gross proceeds of $344,700,000 Simultaneously
with the closing of the Initial Public Offering, we consummated the sale of 8,894,000 the Private Placement Warrants at a price of $1.00
per Private Placement Warrant, in a private placement to the Sponsor and Cohen, as representative of the underwriters, generating gross
proceeds of $8,894,000

The Private Placement Warrants are identical to
the Public Warrants underlying the Units sold in the Initial Public Offering, except that the Private Placement Warrants are not transferable,
assignable or salable until after the completion of a Business Combination, subject to certain limited exceptions.

Of the gross proceeds received from the Initial
Public Offering and the proceeds of the sale of the Private Placement Warrants, an aggregate of $344,700,000 was placed in the Trust Account.

We paid a total of $21,407,663, consisting of
$6,894,000 of cash underwriting fee, $