Company: APXT
Filing Date: 2025-12-05
Form Type: 10-Q
Source: 0001213900-25-118842
Chunk: 84

Company: Apex Treasury Corp
Filing Date: 2025-12-05
Form: 10-Q
Item: Part I, Item 2
Chunk 84
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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, $13,788,000 of deferred underwriting fee, and $725,663 of other offering costs.

For a description of the use of the proceeds generated
in our Initial Public Offering, see Part I, Item 2 of this Quarterly Report.

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

None

Item 5. Other Information

 None 

19

Item 6. Exhibits

The following exhibits are filed as part of, or