Company: APXT
Filing Date: 2025-12-05
Form Type: 10-Q
Source: 0001213900-25-118842
Chunk: 35

Company: Apex Treasury Corp
Filing Date: 2025-12-05
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 avoidance of doubt, a Business Combination),
or (ii) any claim against the Sponsor alleging any expressed or implied management or endorsement by the Sponsor of any activities of
the Company or any express or implied association between the Sponsor, on the one hand, and the Company or any of its affiliates, on the
other hand.

Underwriting Agreement

The Company granted the underwriters a 45-day
option from the date of the Initial Public Offering to purchase up to 4,500,000 additional Units to cover over-allotments, if any,
at the Initial Public Offering price less the underwriting discounts and commissions. On October 28, 2025, the underwriters partially
exercised their over-allotment option, purchased 4,470,000 Units as part of the closing of the Initial Public Offering and forfeited the
remaining unexercised balance of 30,000 Units on October 29, 2025.

The Underwriters were entitled to a cash underwriting
discount of $0.20 per Unit sold in the Initial Public Offering, or $6,894,000 in the aggregate. In addition, the Underwriters were entitled
to a deferred fee of $0.40 per Unit, or $13,788,000 in the aggregate. The deferred fee will become payable to the Underwriter from the
amounts held in the Trust Account solely in the event that the Company completes a Business Combination, but such $0.40 per Unit shall
be due to the underwriters solely on amounts remaining in the Trust Account following all properly submitted shareholder redemptions,
including in connection with the consummation of the Company’s initial Business Combination, subject to the terms of the underwriting
agreement.

Critical Accounting Estimates

The preparation of financial statements and related
disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date
of the financial statements, and income and expenses during the periods reported. Making estimates requires management to exercise significant
judgement. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed
at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to
one or more future confirming events. Accordingly, the actual results could materially differ from those estimates.

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Item 3. Quant