Company: APXT
Filing Date: 2025-10-07
Form Type: S-1/A
Source: 0001213900-25-097069
Chunk: 173

Company: Apex Treasury Corp
Filing Date: 2025-10-07
Form: S-1/A
Chunk 173
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 then on deposit in the trust account calculated as of two business days prior to the consummation of our initial business combination, including interest earned on the funds held in the trust account (net of taxes paid or payable), divided by the number of then issued and outstanding public shares, subject to any limitations (including, but not limited to, cash requirements) created by the terms of the proposed business combination. (4) All of the 25,000,000 Class A ordinary shares sold as part of the units in the offering contain a redemption feature which allows for the redemption of such public shares in connection with our liquidation, if there is a shareholder vote or tender offer in connection with our initial business combination and in connection with certain amendments to our amended and restated memorandum and articles of association. In accordance with SEC guidance on redeemable equity instruments, which has been codified in ASC 480 -10-S99, redemption provisions not solely within the control of a company require ordinary shares subject to redemption to be classified outside of permanent equity. Given that the 25,000,000 Class A ordinary shares sold as part of the units in the offering will be issued with other freestanding instruments (i.e., public warrants), the initial carrying

108 value of Class A ordinary shares classified as temporary equity will be the allocated proceeds determined in accordance with ASC 470 -20. Our Class A ordinary shares are subject to ASC 480 -10-S99. If it is probable that the equity instrument will become redeemable, we have the option to either (i) accrete changes in the redemption value over the period from the date of issuance (or from the date that it becomes probable that the instrument will become redeemable, if later) to the earliest redemption date of the instrument or (ii) recognize changes in the redemption value immediately as they occur and adjust the carrying amount of the instrument to equal the redemption value at the end of each reporting period. We have elected to recognize the changes immediately. The accretion or remeasurement will be treated as a deemed dividend (i.e., a reduction to retained earnings, or in absence of retained earnings, additional paid -incapital). (5)As adjusted accumulated deficit includes an adjustment of $8,994,333 due to immediate accretion of the carrying value of Class A ordinary shares subject to redemption -to-redemptionvalue. This adjustment is required to properly reclass negative additional paid in capital to $0. 109 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANC