Company: APXT
Filing Date: 2025-12-05
Form Type: 10-Q
Source: 0001213900-25-118842
Chunk: 3

Company: Apex Treasury Corp
Filing Date: 2025-12-05
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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30, 2025

(UNAUDITED)

Cash Flows from Operating Activities: 
  
 Net loss  $(68,198) 

Adjustments to reconcile net loss to net cash used in operating activities: 
   
 Payment of formation, general, and administrative costs through promissory note – related party   42,344  

Changes in operating assets and liabilities: 
   
 Accounts payable and accrued expenses   25,854  
 Net cash used in operating activities   ―  

 Net Change in Cash   —  
 Cash – Beginning of period   —  
 Cash – End of period  $—  

 Deferred offering costs included in accrued offering costs  $57,578  
 Deferred offering costs paid through promissory note - related party  $143,647  
 Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares  $25,000  

The accompanying notes are an integral part of
the unaudited condensed financial statements. 

4

APEX TREASURY CORPORATION

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(UNAUDITED)

NOTE 1. DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS, LIQUIDITY AND CAPITAL RESOURCES  Apex Treasury Corporation (the “Company”) is a blank check company incorporated in the Cayman Islands on June 26, 2025. The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (a “Business Combination”). The Company may pursue an initial Business Combination in any business or industry but expect to target opportunities and companies that are in the blockchain & digital assets, crypto treasury strategies, AI, B2B software, data services, renewable energy, and build-to-rent real estate assets sectors. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.  As of September 30, 2025, the Company had not commenced any operations. All activity for the period from June 26, 2025 (inception) through September 30, 2025 relates to the Company’s formation and the initial public offering (“Initial Public Offering”), which is described below. The Company will not generate any operating revenues until after the completion of