Company: APXT
Filing Date: 2025-12-05
Form Type: 10-Q
Source: 0001213900-25-118842
Chunk: 32

Company: Apex Treasury Corp
Filing Date: 2025-12-05
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 to date. Our only activities from June 26, 2025 (inception) through September 30, 2025 were organizational
activities, those necessary to prepare for the Initial Public Offering, described below, and, after our Initial Public Offering, identifying
a target company for a Business Combination. We do not expect to generate any operating revenues until after the completion of our Business
Combination. Subsequent to the Initial Public Offering, we generate non-operating income in the form of interest income on marketable
securities held in the Trust Account. We incur expenses as a result of being a public company (for legal, financial reporting, accounting
and auditing compliance), as well as for due diligence expenses.

For the three months ended September 30, 2025,
we had a net loss of $49,424, which consists of formation, general, and administrative costs.

For the period from June 26, 2025 (inception)
through September 30, 2025, we had a net loss of $68,198, which consists of formation, general, and administrative costs.

Liquidity and Capital Resources

Until the consummation of the Initial Public Offering,
our only source of liquidity was an initial purchase of Class B ordinary shares, par value $0.0001 per share, by the Sponsor and
loans from the Sponsor.

Subsequent to the quarterly period covered by
this Quarterly Report on Form 10-Q, 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 and Company
Capital Markets, a division of Cohen & Company Securities, LLC (“Cohen”), as representative of the underwriters, generating
gross proceeds of $8,894,000

 Following the Initial Public Offering, the
partial exercise of the over-allotment option, and the sale of the Private Placement Warrants, a total of $344,700,000 was placed in the
Trust Account.