Company: APXT
Filing Date: 2025-10-01
Form Type: S-1/A
Source: 0001213900-25-094793
Chunk: 359

Company: Apex Treasury Corp
Filing Date: 2025-10-01
Form: S-1/A
Chunk 359
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 There is no limit on the number or length of extensions that the Company may seek; however, the Company does not expect to extend the time period to consummate the initial business combination beyond 36 months from the closing of the Proposed Offering. If the Company determine not to or are unable to extend the time period to consummate the initial business combination or fail to obtain shareholder approval to extend, the sponsor, management team and other initial shareholders will lose their entire investment in the founder shares and the Company’s private placement units, except to the extent they entitle the holders thereof to receive liquidating distributions from assets outside the Trust Account. In order to protect the amounts held in the Trust Account, the Sponsor has agreed that it will be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has entered into a written letter of intent, confidentiality or other similar agreement or business combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per Public Share due to reductions in the value of the trust assets, in each case less taxes payable and up to $100,000 of interest to pay liquidation expenses, provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the indemnity of the Underwriters of the Proposed Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). Going Concern Consideration As of June 30, 2025, the Company had no cash and a working capital deficit of $29,674. The Company has incurred and expects to continue to incur significant costs in pursuit of its financing and acquisition plans. In connection with the Company’s assessment of going concern considerations in accordance with FASB Accounting Standards Codification (“ASC”) 205 -40, “Presentation of Financial Statements — Going Concern”, these conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of time within one year after the date that the financial statements are issued. Management plans to address this uncertainty through