Company: APXT
Filing Date: 2025-12-05
Form Type: 10-Q
Source: 0001213900-25-118842
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Company: Apex Treasury Corp
Filing Date: 2025-12-05
Form: 10-Q
Item: Part I, Item 1
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APEX TREASURY CORPORATION

CONDENSED BALANCE SHEET

SEPTEMBER 30, 2025

(UNAUDITED)

Assets: 
  
 Deferred offering costs  $226,225  
 Total Assets  $226,225  

Liabilities and Shareholders’ Deficit 

Current liabilities 
   
 Accrued expenses  $25,854  
 Accrued offering costs   57,578  
 Promissory note - related party   185,991  
 Total Liabilities   269,423  

 Commitments and Contingencies (Note 7)      

Shareholders’ Deficit 
   
 Preference shares, $0.0001 par value; 5,000,000 shares authorized; no shares issued or outstanding   —  
 Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; no shares issued or outstanding   —  
 Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 11,500,000 shares issued and outstanding(1)(2)   1,150  
 Additional paid-in capital   23,850  
 Accumulated deficit   (68,198) 
 Total Shareholders’ Deficit   (43,198) 
 Total Liabilities and Shareholders’ Deficit  $226,225  

 (1) Includes an aggregate of up to 1,500,000 founder shares subject to forfeiture if the over-allotment option is exercised in full or in part by the underwriters. On October 27, 2025, the Company effected a share capitalization of 1,916,667 founder shares, resulting in the initial shareholders holding an aggregate of 11,500,000 founder shares. All share and per share amounts have been retroactively restated (Note 6). 

 (2) On October 28, 2025, the underwriters partially exercised their over-allotment option and forfeited the unexercised balance. As a result of the partial exercise and the forfeiture of the over-allotment option by the underwriters, 1,490,000 founder shares are no longer subject to forfeiture and 10,000 founder shares were forfeited, resulting in the initial shareholders holding an aggregate of 11,490,000 founder shares (Note 6). 

The accompanying